Towards a New Leadership in Global Investment Governance?
Edited by Julien Chaisse
Chapter 2: Negotiating an uncertain world: economic and political dimensions of the Comprehensive Agreement on Investment
The EU-China treaty is being negotiated at a time of uncertainty in global economics and politics and also in the EU-China relationship. A key policy aim of the CAI is to increase investment flows between the EU and China, but it has the potential to reach beyond this basic goal in its significance. One aspect of wider importance for the CAI may be that the agreement itself could encompass innovations in the governance of FDI when compared to those contained in similar existing bilateral and regional agreements. In this sense, the CAI may be able to stake a claim to global leadership in the governance of FDI. But the economic and political context surrounding the agreement may determine how the possibility for leadership in the area of FDI governance will be realized.
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