The Potential Value-Added of a Multilateral Framework on Investment Facilitation for Development

Transnational Dispute Management. 2019

15 Pages Posted: 16 Jun 2019

See all articles by Karl P. Sauvant

Karl P. Sauvant

Columbia University - Columbia Center on Sustainable Investment

Date Written: June 2019

Abstract

This article argues that investment facilitation needs to be seen in the context of the principal FDI determinants and, in particular, the all-important economic determinants. Beyond that, when negotiating a multilateral framework on investment facilitation for development, it is crucial to (1) give full attention to the development dimension of investment facilitation, by promoting sustainable FDI for sustainable development; (2) establish an inventory and benchmark of good practices regarding investment facilitation, with ground-level input by practitioners;(3)keep in mind that the framework can help domestic reforms; (4) require transparency for home country measures and investors’ corporate social responsibility commitments; and (5) ensure that the framework provides for technical assistance to developing countries (and especially the least developed among them) for negotiating and implementing such a framework. Developing countries in particular need to seek to advance these issues. If substantial progress toward an explicit development dimension can be made (or, at a minimum, some of these issues can become part of a firm built-in agenda for future negotiations), a multilateral framework on investment facilitation for development would create a value-adding instrument in the FDI tool-box that is currently available in the international investment area.

Suggested Citation

Sauvant, Karl P., The Potential Value-Added of a Multilateral Framework on Investment Facilitation for Development (June 2019). Transnational Dispute Management. 2019. Available at SSRN: https://ssrn.com/abstract=3399250 or http://dx.doi.org/10.2139/ssrn.3399250

Karl P. Sauvant (Contact Author)

Columbia University - Columbia Center on Sustainable Investment ( email )

Columbia Law School
435 W 116th Street
New York, NY 10027
United States

HOME PAGE: https://works.bepress.com/karl_sauvant/388/

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