On 5 May 2020, 23 Member States signed the agreement to end bilateral investment agreements within the EU („End Agreement“). On 24 October 2019, EU member states reached a multi-lateral agreement to end bilateral investment agreements within the EU. The agreement follows statements made on 15-16 January 2019 on the legal consequences of the Court of Justice ruling in the Achmea case and on the protection of investments in the European Union, in which Member States pledged to end their internal EU BIT. The EU is one of the most open places to invest in the world. Since 2009, the EU has been dealing with foreign direct investment on behalf of EU member states. The EU`s investment policy aims to implement the European Court of Justice ruling of March 2018 (Achmea case), in which the Court of Justice concluded that investor-state arbitration clauses contained in bilateral investment agreements within the EU („EU internal ILO“) are incompatible with EU treaties. IIA Navigator This IIAs database – the IIA Navigator – is managed by the IIA section of UNCTAD. You can browse THE IIAs that are completed by a given country or group of countries, view the recently concluded IIAs, or use advanced research for sophisticated research tailored to your needs. Please mention: UNCTAD, International Investment Agreements Navigator, available on investmentpolicy.unctad.org/international-investment-agreements/ 22 EU Member States approved a political declaration on 15 January 2019 announcing a series of measures on existing internal EU bits and impending or ongoing investment arbitration procedures.
The EU is the world`s largest supplier and the world`s leading destination for foreign investment. At the end of 2018, foreign direct investment held in the rest of the world by investors based in the EU amounted to EUR 8,750 billion. Meanwhile, by the end of 2018, foreign direct investment by third-country investors in the EU amounted to EUR 7.197 billion. By facilitating investment, the EU aims to promote a more transparent, efficient and predictable business climate for investors. This includes, for example, making investment rules public and easily accessible or reducing delays in obtaining regulatory approvals and approvals. This book addresses issues posed not only by negotiators and others involved in foreign investment policy-making, but also by individual investors and specialists in international investment law, investment arbitration procedures, EU law in the field of international relations and all other practitioners of international law. International investment agreements and EU law analyse the EU`s competence in the conclusion of investment contracts in the light of the investment protection rules of international investment agreements (IAs), examine the emerging Common European International Investment Policy, examine the extent to which the two regulatory systems of EU and AI law can be considered comparable, and different legal issues are examined with regard to existing international agreements of member states. The growing number of investor disputes with states and the approach of arbitration tribunals, which some consider too pro-investment, rightly or not, have led to a contentious debate about the need to find a more effective balance between investor rights under AI and the right of states to adopt legitimate regulation in the public interest.