China Moves the G20 Toward an International Investment Framework and Investment Facilitation
Forthcoming in Julien Chaisse, ed., China's Three-Prong Investment Strategy: Bilateral, Regional, and Global Tracks (London: OUP, 2018)
23 Pages Posted: 23 Jan 2017 Last revised: 8 Jan 2018
Date Written: 2017
China is increasingly concerned with protecting its outward foreign direct investment, facilitating the operations of its firms abroad and creating a strong international investment law and policy regime. After briefly reviewing the emergence of China as an outward investor and some policy issues associated with this rise, this chapter reviews a few issues central to the future of the international investment law and policy regime. It then comments on several outcomes that were achieved — or initiated under — China’s G20 leadership: non-binding “Guiding Principles for Global Investment Policymaking” that could eventually form the basis of a universal framework on international investment; the Importance of investment facilitation, leading perhaps to an international support program for sustainable investment facilitation, beginning possibly with “Guiding Principles for Global Investment Facilitation”; and the creation of an additional intergovernmental platform that allows for a continued systematic intergovernmental process to discuss the range of issues related to the governance of international investment, preferably paralleled by an informal, inclusive and result-oriented consensus-building process that takes place outside intergovernmental settings.
Keywords: China, G20, foreign direct investment, international investment regime, multinational enterprises
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