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Journal of International Economic Law Advance Access published online on May 8, 2006
Journal of International Economic Law, doi:10.1093/jiel/jgl011
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© Oxford University Press 2006, all rights reserved

Article

Multilateral Rules on Investment: Is Forward Movement Possible?

Pierre Sauvé 1 *

1 Visiting Fellow and Research Associate at the International Trade Policy Unit of the London School of Economics and Political Science, London, UK

* To whom correspondence should be addressed.
Pierre Sauvé, E-mail: pierre.sauve{at}wti.org


  Abstract

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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