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Journal of International Economic Law Advance Access originally published online on May 8, 2006
Journal of International Economic Law 2006 9(2):325-355; doi:10.1093/jiel/jgl011
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Journal of International Economic Law Vol. 9 No. 2 © Oxford University Press 2006, all rights reserved

Multilateral Rules on Investment: Is Forward Movement Possible?

Pierre Sauvé*

* The author is a Visiting Fellow and Research Associate at the International Trade Policy Unit of the London School of Economics and Political Science, London, UK. He is also a Non-Resident Senior Fellow and Faculty Member at the World Trade Institute, Berne, Switzerland. E-mail: pierre.sauve{at}wti.org.

This paper explores the forces that have to date impeded the development of a multilateral set of rules on investment. The paper chronicles the policy- and rule-making debates that took place in the World Trade Organization’s (WTO’s) Working Group on Trade and Investment (WGTI) and advances a number of political economy reasons that contributed to the derailment of investment discussions under the Doha Development Agenda (DDA). The paper highlights elements of a development-friendly international investment regime and identifies various scenarios for imparting forward movement to international negotiations on investment issues at the bilateral, regional and multilateral levels.


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