Highlights of modern treaty making include a sustainable development orientation, preservation of regulatory space and improvements to or omissions of ISDS, says World Investment Report 2018
Imbalances in distributing the benefits of the international investment agreements, adoption of the Agenda 2030 have triggered the sustainable development-oriented reform of the global IIA regime.
Since 2012, over 150 countries have taken steps to formulate a new generation of sustainable development-oriented IIAs which work for all stakeholders. Some countries revised their treaty models in line with UNCTAD’s Reform Package for the International Investment Regime.
The 2018 World Investment Report is focused on the link between industrial policies,recently adopted in more than 100 countries and investment policies. For modern industrial policies to contribute to a sustainable development strategy, policymakers need to enhance their coherence with other policy areas, including social and environmental policies.