EU's Policy and Practice for International Investment Agreements in the Post-Crisis Era: Evolution, Innovation and Inspiration
- 2016年 
【中文摘要】在美欧先后爆发经济危机以及内部压力和外部趋势的影响下,欧盟“国际投资条约(IIA)”政策与实践从比较偏重投资者保护转向了更加平衡投资者正当权益和东道国正当公共政策规制权的范式。欧盟 IIA 政策与实践在公平与公正待遇(FET)、最惠国待遇(MFN)、投资者与国家间争端(ISD)解决方面具有重要创新:其 FET 体现了合理的宽泛性、确定性、一致性和灵活性,其MFN 确保了 IIA 代际更新不受阻碍,其 ISD 解决机制体现了跨国公法属性。欧盟 IIA 政策与实践对包括中国在内的各国 IIA 政策与实践具有重要启示和借鉴意义,中国应制定新一代 IIA 范本,并积极引领推动建立高水平、平衡化的全球多边投资机制。 【Abstract】Since 2010, under the effects of the global economic crisis in the U.S and the EU as well as the internal pressure and the external trends, the focus of the EU's policy and practice for international investment agreements (IIAs) has shifted from investor protection to the balancing of the investor protection and the host state's right of regulation for legitimate public policy purposes. The EU has been particularly innovative in fair and equitable treatment (FET), most-favored-nation treatment (MFN) and investor-state dispute settlement (ISDS) in its IIAs. The EU's FET has reasonable coverage, certainty, consistency and flexibility, its MFN ensures smooth upgrades of the paradigm shift of its IIAs, and its ISDS reflects the nature of the transnational public law governing investment disputes. The EU is becoming an innovator,leader and promoter of the evolution, reform and transformation of the international investment regime. The EU's IIA policy and practice offer some significant inspirations and lessons for other states including China. China should develop a new generation of IIA models and be more proactive in creating a uniform and balanced high-level global multilateral investment regime.