Brunelle, Dorval et Deblock, Christian
(1998).
« Globalization and New Normative Frameworks : The Multilateral Agreement on Investment ».
Chroniques des Amériques.
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Résumé
Although "the establishment of the World Trade Organization can be seen as one of the outstanding international achievements of the decade, as important today as was the foundation of the multilateral system in its time" (WTO, 1996, p.5), the negotiations surrounding the Multilateral Agreement on Investment (MAI) were, up until now at least, conducted under the auspices of an altogether different international organization, the Organization for Economic Cooperation and Development (OECD). Launched in May, 1995, the stakes of these negotiations are high since the end result would be a legally binding agreement whose scope must be extensive enough to give investors and their investments the best possible access to markets, the greatest degree of protection, and a treatment by the host country equal to that afforded to local investors. To bolster these priorities, the draft agreement provides for a compulsive and highly unusual dispute settlement mechanism.
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