1. BIT by BIT: Building a Foreign Investment Regime for the Americas.
- Author
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Haslam, Paul Alexander
- Subjects
- *
NEGOTIATION , *CUSTOMS unions , *FOREIGN investments , *INVESTMENT laws - Abstract
This paper examines the consequences of the breakdown of talks on the Free Trade Area of the Americas (FTAA) and the generalized shift from multilateralism to bilateralism in the Americas for the region's emerging foreign investment regime. The paper argues that multilateral processes have historically benefited Latin American countries when their interests have diverged from those of the US. In terms of investment, the foreign investment regime advanced by the United States (in bilateral investment treaties) differs significantly from that advanced by sub-regional powers such as Argentina, Brazil and Mexico, particularly regarding investment rules on national treatment and performance requirements. This suggests that, in the absence of multilateral negotiations, US norms on investment and development will progressively define the emerging hemispheric investment regime. [ABSTRACT FROM AUTHOR]
- Published
- 2005