Fresh Eurostat data reveal EU investors, normally the US’ biggest foreign direct investors, shunned the United States in election year 2016. Negative investor sentiment was mutual across the Atlantic, it seems. The context is a sharp drop in outward EU foreign direct investment overall to € 186 bn (£ 166 bn) …
Investment protection and promotion
Import licences for antiquities, Berlin Paris investment axis
Today we will be brief….. Antique goods import licences to fight ISIS The Commission announced the launch of a new regulation that would require import licences for “archeological objects, part of monuments that have been dismembered and for rare manuscripts and incunabula” that are more than 250 years …
Blog: EU Summit – leader statements on free trade, FTAs, Brexit
The European Summit has started in Thursday (22 June 2017). Trade is not on the agenda before Friday (23 June 2017). However, it is going to be a central topic. We’ve selected a few leader statements to gauge the political temperature and the objectives of a few member states on trade agreements, …
Japan’s TPP negotiator slams EU-style permanent investment court
After having brought the Transpacific Partnership to bed in early 2016 as lead negotiator for Tokyo, Ambassador Koji Tsuruoka was sent to London to be Japan’s top representative in Britain. At a recent conference of trade lawyers at the prestigious university King’s College, the Japanese envoy spoke his mind on …
ECJ says investor-state dispute settlement not exclusive EU remit
The long-awaited ruling of the Court of Justice of the EU on the division of competences between Brussels and the member states on the content of the 2013/2014 free trade agreement with Singapore settles many perpetual power tussles between Brussels and the capitals on a variety of trade-related topics. The …
Blog : Bavaria’s views on the EU’s multilateral investment court project
Ever wondered what the state of Bavaria thinks of the EU’s plans for a multilateral investment court? You can find out by ploughing through the many responses the public consultation led by the European Commission on its plans for a new mechanism to resolve disputes between international investors and states. …
India: EU “awaiting reply” on trade dialogue after BIT upset
The EU has not been successful in convincing India to relaunch long-stalled bilateral free trade negotiations. Nor has it been able to stop New Delhi from cancelling its bilateral investment treaties with individual EU member states. So far, there seems no way out of the impasse, a letter written by trade commissioner Cecilia Malmström …
In depth: Where we are in the intra-EU BIT saga
The silent turf war between the EU Commission and intra-EU investor-state arbitral tribunals and member states that back the bilateral investment treates – BITs – that underpin them is continuing. But resolution of the conflict will likely need to wait until 2018. A Borderlex long-read.
EPP weighs into EU debate on FDI screening
MEPs from the main centre-right group EPP are preparing a motion that would call on the EU Commission to introduce screening of foreign direct controls. The proposal is being circulated by MEP heavyweights Manfred Weber, Daniel Caspary, Tokia Saifi, Iuliu Winkler, Slavatore Cicu, Frank Proust, Godelieve Quisthoudt-Rowohl, Viviane Reding, Andreas …
EU Commission mulls options to bloc politically motivated investments
Details of Commission plans to potentially screen and bloc foreign direct investments that are “politically motivated” have started leaking. The plans were initiated shortly after Germany blocked the acquisition of a German firm Aixtron by a Chinese state-owned company in late 2016, following a request by Berlin, Paris and Rome. The plans consider the …