ISDS Case Map
BRICS
Brazil, Russia, India, China, South Africa
While India has been reshaping its arbitration laws and investment climate, the jury is still out on whether these measures will actually help create a more secure legal environment for investors.
Any intra-Brics framework will only be effective if awards rendered by such a body are enforceable without the added difficulty of getting entangled in domestic proceedings.
An immediate push for a BRICS Free Trade Agreement (FTA) will polarise heavily-industrialised and lesser-industrialised nations within the five-member grouping, warned South African trade and industry minister.
The agreement, to be signed during the Brics summit in Goa over the weekend, will boost free trade among the emerging economies
Other members fear a pact could lead to a surge in imports of Chinese goods, hurting local manufacturing
Developing countries, including India, should build capacity instead of playing the victim as the structure of international arbitration was heavily biased towards the developed countries, a top Finance Ministry official said.
An international arbitration system for BRICS - is it an imperative for further economic cooperation
The BRICS countries are discussing what kind of arbitration system is needed to settle commercial and investment disputes between them.
A high-level panel hosted by India discusses the issues of trade deals that inhibit access to medicines and also limit policy space for governments to legislate in public interest.
International Investment Law (IIL) has always been a battleground of competing paradigms and imaginations of economic world order. Today, the old battles between North and South over the rules of global investment are considered history.
The central banks of BRICS bloc bet on the New Development Bank, while the central countries put their money on TiSA: free trade in services.
