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.
Denne historien er fra December 23, 2024-utgaven av Millennium Post Delhi.
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Denne historien er fra December 23, 2024-utgaven av Millennium Post Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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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
Richa feels like giving up 'every six months'
Chadha and Ali Fazal are promoting their debut production venture 'Girls Will Be Girls'
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.
FPIs pull out equities worth ₹976 cr this week
After two weeks of buying, FPIs turned net sellers in Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.
Gambhir Problems: Head coach wants his team but will he get that
GAMBHIR'S PERFORMANCE UNDER THE LENS
Indian Oil probes allegations of US firm bribing its officers
According to USSEC order, an Albemarle consultant and sales agent paid bribes to unnamed decision-makers at IOC between 2009 and 2011 and to a private sector customer between 2009 and 2017
Hry govt notifies procurement of 24 crops at MSP
The Haryana government has issued a notification to procure 24 crops from farmers in the state at the Minimum Support Price (MSP).
Five from ECR honoured
One officer and four employees of the East Central Railway (ECR) were honoured with the Ati Vishisht Rail Seva Awards.
Himachal's fiscal deficit up, poses new challenge to Cong govt
Despite the ambitious goal set by Chief Minister Sukhvinder Singh Sukhu for Himachal Pradesh to become self-reliant by 2027, financial difficulties seem to be mounting each year.