Why the European Union should not ditch bilateral investment treaties

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Why the European Union should not ditch bilateral investment treaties
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Inter-EU bilateral investment treaties safeguard European investors. The EU should rethink plans to ditch them

fall of the Berlin Wall and before central and eastern European countries began joining the European Union in 2004, officials in Brussels strongly encouraged bilateral investment treaties between the bloc’s members and their neighbours to the east.s are inter-governmental agreements that govern disputes between foreign investors and host states. Their purpose is to protect investors against discrimination and expropriation .

The desire to resolve disputes at home rather than in an obscure court across the Atlantic would be understandable if courts across thecould be trusted. But they can’t. In parts of central Europe the domestic judicial system is neither fair nor equitable, because it is increasingly under the influence of politicians.

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