Fairness Screening of International Investments as an Instrument of EU External Trade and Investment Governance

CERiM Online Paper Series Paper 14/2018

21 Pages Posted: 11 Dec 2018

See all articles by Jens Hillebrand Pohl

Jens Hillebrand Pohl

Maastricht University - Department of International and European Law; T.M.C. Asser Institute; Maastricht University - Institute for Globalisation and International Regulation; Max Planck Institute Luxembourg for International, European and Regulatory Procedural Law

Date Written: November 17, 2018

Abstract

In today’s multipolar world economy, the societal values and interests that underpin the European project are not shared and protected by all of the EU’s global economic partners. Economic advantage may entice countries to abandon the pursuit of political, social and economic fairness for purposes of attracting foreign investment. Recent EU free trade agreements, such as CETA, have pioneered limited protection against this risk in the area of basic labour and environmental standards. This paper explores a more ambitious, comprehensive framework for how individual rights associated with basic notions of societal fairness could be protected, not by treaty, but indirectly via multinational enterprises as the agents of globalization. It presents a proposal for a coordinated system of inward and outward investment screening to ensure the protection of such rights under existing international commitments and instruments. The paper outlines the areas of further research essential to rendering such a framework operational.

Keywords: International investments, investment screening, fairness, social rights, equality

Suggested Citation

Hillebrand Pohl, Jens, Fairness Screening of International Investments as an Instrument of EU External Trade and Investment Governance (November 17, 2018). CERiM Online Paper Series Paper 14/2018. Available at SSRN: https://ssrn.com/abstract=3286279 or http://dx.doi.org/10.2139/ssrn.3286279

Jens Hillebrand Pohl (Contact Author)

Maastricht University - Department of International and European Law ( email )

Maastricht
Netherlands

T.M.C. Asser Institute ( email )

R.J. Schimmelpennincklaan 20-22
Den Haag, 2517 JN
Netherlands

Maastricht University - Institute for Globalisation and International Regulation ( email )

Minderbroedersberg 4-6
Maastricht, 6211 LK
Netherlands

Max Planck Institute Luxembourg for International, European and Regulatory Procedural Law ( email )

4, rue Alphonse Weicker
Luxembourg, L-2721
Luxembourg

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