TM-System

Tomáš Michlík DiS.

TM-System - Tomáš Michlík DiS.

Pacific Alliance Agreement

International investment agreements (AI) are divided into two types: (1) bilateral investment agreements and (2) investment contracts. A bilateral investment agreement (ILO) is an agreement between two countries to promote and protect investments made by investors from the countries concerned in the territory of the other country. The vast majority of IDu are bits. The category of contracts with investment rules (TIPs) includes different types of investment contracts that are not BITs. There are three main types of TIPs: 1) global economic contracts that contain commitments that are often included in ILOs (. B, for example, a free trade agreement with an investment chapter); 2. contracts with limited investment provisions (for example. B, investment creation or free transfer of investment-related funds; and 3) contracts that contain only „framework clauses,“ such as. B on investment cooperation and/or a mandate for future investment negotiations.

In addition to IDAMIT, there is also an open category of investment-related instruments (IRIs). It includes various binding and non-binding instruments, such as model agreements and draft instruments, multilateral conventions on dispute settlement and arbitration rules, documents adopted by international organisations and others. One of the first issues to be defined was the fundamental institutional framework of the Pacific Alliance, developed on the basis of the approval of existing free trade agreements between Member States. The process of drawing up a framework agreement culminated on 6 June 2012 in Paranal, Antofagasta, Chile, with the signing of the Pacific Alliance Framework Agreement. It is remarkable that on June 9, 2016, representatives of the Government of Canada and Pacific Alliance member states signed a strategic alliance agreement to promote trade and investment. As a result, Canada was the first observer country to establish a strategic alliance with the Pacific Alliance. According to a joint statement, the agreement formalizes Canada`s relationship with the Pacific Alliance and provides a framework for long-term cooperation. On 26 August 2013, at the ninth ministerial meeting, the Pacific Alliance agreed on a 100% liberalization of its trade. The agreement also provides for an immediate 92% reduction in tariff positions. IiA Mapping Project The IIA Mapping Project is a cooperative initiative between UNCTAD and universities around the world to represent the content of II A. The resulting database serves as a tool to understand trends in CEW development, assess the prevalence of different policy approaches, and identify examples of contracts. The Mapping of IIA Content allows you to browse the results of the project (the page will be regularly updated as new results become available).

Please quote: UNCTAD, Mapping of IIA Content, available at investmentpolicy.unctad.org/international-investment-agreements/iia-mapping More information: Mapping Project Description – Methodology document The Pacific Alliance is a trade bloc that aims to become the largest in Latin America. It consists of four countries: Chile, Colombia, Mexico and Peru. The alliance was formed following the Lima Declaration, signed on April 28, 2011, when then-Peruvian President Alan Garcia took the initiative to invite his counterparts in Chile, Colombia, Mexico and Panama to „deepen integration between these economies and define joint actions for trade relations with the Asia-Pacific region on the basis of existing bilateral trade agreements between the parties.“ Paraguay, a founding member of Mercosur and an observer of the Pacific Alliance, has begun to follow free trade agreements with current members as precursors to a possible application for membership. [29] Paraguay was suspended from Mercosur after the dismissal of Fernando Lugo, although Paraguay asked Mercosur to lift the sanction.

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