An MIA at the Sample Clauses

An MIA at the. WTO would not be a balanced agreement: Proposals in favour of an MIA at the WTO envisage a new set of disciplines and obligations on host countries, bound and enforced through the mechanisms of the WTO. By contrast, there is no mention of the parallel responsibilities of investors and their home governments. This imbalance threatens to undermine national and international attempts to hold foreign investors to account for their activities – and in particular TNCs. In part, this imbalance is because the WTO is a negotiating forum for nation states, and has no jurisdiction over investors. This highlights further why the WTO is not an appropriate forum for dealing with investment issues, which require a different set of instruments and expertise from those established under the trade mandate of the WTO. Relations between TNCs and host countries are in many cases already tilted in favour of the investor, not the potential development benefit of the investment. A new set of obligations on host countries bound and enforced through the WTO would tilt the balance still further, and make it increasingly difficult either to defend the domestic economy from the worst abuses of foreign investors, or to use FDI to its maximum development advantage. Instead of pursuing an MIA at the WTO, any energy which the international community can spend on a set of multilateral investment rules should be directed towards a binding framework of regulations governing the activities of TNCs.
Sample 1
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