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
