International investment agreements (“IIAs”) are State-to-State treaties that aim to promote investment, especially foreign direct investment (“FDI”), by protecting foreign investors against host-country policy measures. The first IIAs appeared in the late 1950s, but most of the currently almost 2,700 IIAs in force were formed after the mid-1990s. The vast majority of the agreements are bilateral, but it has become increasingly common for preferential trade agreements to encompass such protections.
American Review of International Arbitration
Economic Aspects of International Investment Agreements
Scientific Article in English