While the proposal may appear benign on the surface, its implications could be far-reaching and detrimental, particularly for developing nations like India.
The insistence on embedding such provisions within FTAs undermines sovereign decision-making, exposes countries to disproportionate risks, and demands closer scrutiny. The concept of investment protection, in essence, grants expansive rights and safeguards to foreign investors. These provisions include commitments that may restrict a host nation's policy space in areas such as public health, environmental regulation, and labour rights. As noted by informed sources, the integration of these elements within FTAs is inappropriate and unnecessary. Instead, they argue, investment protection agreements should be negotiated separately, preserving the integrity of trade-focused agreements.
A precedent for separate negotiations exists. For example, India and the European Union (EU) have been working on a distinct investment protection agreement, independent of the India-EU FTA. This distinction is crucial. FTAs often feature specialized dispute settlement mechanisms that allow countries to implement retaliatory measures across unrelated sectors, should disputes arise. Incorporating investment protection clauses within an FTA could exacerbate such conflicts, distorting the trade agreement's primary intent.
Diese Geschichte stammt aus der December 23, 2024-Ausgabe von Millennium Post Delhi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 23, 2024-Ausgabe von Millennium Post Delhi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Blake Lively accuses Justin Baldoni of harassment & smear campaign
The complaint also stated that he 'abruptly pivoted away from' the movie's marketing plan
Bollywood needs new voices, artists from across India
Varun Dhawan said that people in positions of power in Bollywood need to understand the need to change with time
'Pushpa 2' is most watched film of 2024
The film earned Rs 1,500 crore at the global box office
Richa feels like giving up 'every six months'
Chadha and Ali Fazal are promoting their debut production venture 'Girls Will Be Girls'
Celebrate the magic of Christmas and New Year at Eros Hotel
Step into a world of joy and indulgence this festive season as Eros Hotel New Delhi, Nehru Place, presents an unforgettable celebration filled with delicious feasts, vibrant music and luxury hospitality.
Mandhana, Renuka blow away West Indies in first Women's ODI
Stylish opener Smriti Mandhana extended her purple patch with a classy knock before pacer Renuka Thakur excelled with the new ball as India outplayed a self-destructing West Indies by a record 211 runs in the first Women's ODI here Sunday.
Dubai to host India's matches in CT
Dubai has been locked in as the neutral venue to host India's matches in the Champions Trophy with a semi-final and the final also to be staged in the UAE if Rohit Sharma and Co qualify for the knockouts.
'BIT & FTAs two separate pacts & should continue to remain so'
Investment protection element provides a wide range of obligations & commitments bestowed upon foreign investors, which are expansive
Mcap of all top-10 firms slumps ₹4.95 lakh crore
The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities, where TCS and Reliance Industries Ltd (RIL) faced the sharpest erosion.
Root returns to ODI squad for India tour, Champions Trophy
Veteran batter Joe Root's return to 50-over format after more than a year headlined England's squad announcement for the ODI tour to India and the ICC Champions Trophy.