The importance of Bilateral Investment Treaties in relation to the protection and promotion of investment in Africa
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Date
2019
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of the Western Cape
Abstract
There is a growing concern around new patterns of negotiating international
investment agreements vis-a-vis the recent withdrawals from Bilateral Investment
Treaties (BITs) by developing countries. In recent times, the decision by a number of
countries withdrawing their BITs with their investment partners raises questions to
whether this investment instrument remains relevant in international investment
discourse, 1or simply creates a gap to be exploited by larger entities or economies.
The emergence of BITs became increasingly important within the framework of
International Investment Law when emerging nations acceded to be members of the
international community after World War II.2 Literature contends that emerging nations
had little evidence to show that BITs have stimulated additional investments in
developing countries, let alone revitalised domestic reforms during this era.3
Seemingly, these conditions are not peculiar to certain countries but cut across
geographical regions.
Description
Magister Philosophiae - MPhil
Keywords
Protection, Promotion, Africa, Investment, Bilateral Investment Treaties