iisd/coaag forum investments agreements in latin america singapore, october 1-2, 2007

IISD/CoAaG ForumIISD/CoAaG Forum

Investments Agreements in Latin Investments Agreements in Latin AmericaAmerica

Singapore, October 1-2, 2007Singapore, October 1-2, 2007

Juan Falconí MoralesJuan Falconí MoralesAndean CommunityAndean Community

OBJECTIVES

Investment Agreements in Latin America (I)

Where are we in the Andean Community? (II)

The medium term: a regional agreement for the Andean Community? (III)

(I)

-Encouraging bilateral investment agreements: the first period, ending the 60’s. Almost 2600 BITS…more than 180 TRA.

-The FTAA: negotiations for a multilateral regime/The failure of negotiations 2002: five years lost?

-FTA between some latinoamerican countries and the USA:

-The international context: some changes-New rules-Goods, services and the rest…-Implications on GATS: the Mode 3-Pre-establishment and post-establishment/in like circumstances…

-A lack of experience managing this king of agreements.

(II)

-The Andean Community members: Bolivia, Colombia, Ecuador and Peru. Different options on economic policies

-Andean BITS: number, characteristics

--Common Regional Legislation related: Decisions 291 and 439…

-FTA with the USA:•Peru and Colombia•Ecuador, until ending 2005•Bolivia, observer•The present situation: the AC-UE Agreement (Establishment and capital flows)

(III)

•Risks of the integration process:

Two more opened economies: Colombia and Peru

-Transition in Ecuador

-Another option supported in Bolivia

-Possibilities to reach a common agreement?

•The role of foreign investments

•The present macroeconomic situation in the andean region: positive trends (growth, inflation, budget, employment)

•Managing investment agreements: need of supporting a capacity building process