Industrial Policy Measures and Sustainability in International Investment Agreements
4 Pages Posted: 17 Oct 2018
Date Written: September 21, 2018
States now face two competing - and strengthening - influences with respect to industrial policy: heightened scrutiny of industrial policy measures and heightened expectations for achieving sustainable development. With increasing frequency, states are addressing and balancing those competing policy influences in international investment agreements (IIAs). By adopting a "WTO plus" approach to industrial policy measures in IIAs, states can provide detailed guidance on how IIA obligations should be applied to strategic industrial policy measures aimed at advancing economic development and how the policy goal of sustainability should affect that analysis.
Keywords: industrial policy, sustainability, investment agreements, FTAs, CETA, CPTPP, Pacific Alliance
JEL Classification: K33
Suggested Citation: Suggested Citation