The regime of international investments within the EC-Chile Association Agreement: towards a possible renegotiation?

In: The Journal of World Investment & Trade

This paper aims at analyzing the Association Agreement concluded between the European Community, today European Union, and Chile, as it is believed that it can be, given its articulated regulatory and institutional framework, a good example of how similar treaties, in the field of international investments, can combine the protection of the foreign company’s rights with the promotion and respect of the host-State’s public interests. Besides, in the light of the amendments to the content and scope of the EU Common Commercial Policy made by Treaty of Lisbon, through which the European Union acquires an exclusive competence in the field of FDI, it seems likely that in the future the issue of FDI may fully fall within the scope of the said Association Agreement, excluding, in the relations between Chile and the single EU Member States, the application of the BIT in force. This might encourage the parties to introduce a chapter on the setting up of a dispute settlement mechanism also operating in the relationships between investors and host-States. Such progress, in fact, would be fully in line with the recent practice of Free Trade Agreements concluded by Chile with third countries, which entrust the resolution of conflicts between the foreign company and the host-State to international arbitration bodies.

  • AdamR.TizzanoA.Lineamenti di diritto dell’Unione europeaGiappichelli Edition2010467 p.

  • AgosinM.Reformas commerciales, exportaciones y crecimiento’ in Reformas crecimiento y politicas sociales en Chile desdes 1973 (edited by Ffrench-DavisR. and StallingsB.) Lom Ediciones/CEPALSantiago2001 pp. 99132.

    • Search Google Scholar
    • Export Citation
  • AlstonP.WeilerJ. H.An ever closer Union in need of a human rights policy: The European Union and Human rights’ in The EU and human rights (edited by AlstonP.BusteloM.) Oxford University Press1999 p. 366.

    • Search Google Scholar
    • Export Citation
  • ÁlvarezA. D.PalavecionsS. B.Inversionistas Extranjeros en Chile y sus Necesidades de Información: Inversiones Provenientes de la Unión EuropeaCapic Review vol. 32005 pp 7181.

    • Search Google Scholar
    • Export Citation
  • Asian Development BankEmerging Asia: Changes and ChallengesManila1997.

  • BanderasJ.El Derecho Chileno-Europeo de la inversionón etranjera’ in Acuerdo Chile Unión Europea. Un paso decisivo en la cooperación birregional ‘Seminario organizado por Institut des Hautes Etudes de L’Amérique Latine y la Embajada de Chile en Francia’ Paris November 2002 pp. 5762.

    • Search Google Scholar
    • Export Citation
  • BianchiD.La Politique Agricole Commune (PAC)’ Bruxelles Bruylant 2006 639 p.

  • BiggsG.La institucionalidad chilena y el arbitraje internacionalEstudios de Arbitraje (edited by Aylwin AzócarP.) Editorial Juridídica de ChileSantiago 2007 pp. 351376.

    • Search Google Scholar
    • Export Citation
  • Blanc AltemirA.El Acuerdo de Asociación entre la Unión Europea y Chile: Algo más que un Tratado de Libre ComercioAnuario de Derecho Internacional n. 202004 pp. 35110.

    • Search Google Scholar
    • Export Citation
  • BlancAltemir A.La V Cumbre Unión Europea-América Latina y CaribeAnuario español de derecho internacional vol. 242008 pp. 217240.

    • Search Google Scholar
    • Export Citation
  • Blanc AltemirA.Los Tres Pilares del Acuerdo de Asociación Chile-Unión Europea: Diálogo Político, Cooperación y ComercioRevista de Estudios Internacionales vol. 38 n. 151 October – December 2005 pp. 73116.

    • Search Google Scholar
    • Export Citation
  • DimopoulosA.The effects of the Lisbon Treaty on the principles and objectives of the common commercial policyEuropean Foreign Affairs2010 pp. 153170.

    • Search Google Scholar
    • Export Citation
  • DomíguezR.A New Generation of Agreements between the EU and Latin America: The cases of Mexico and ChileJean Monnet/Robert Schuman Paper Series vol. 6 n. 13 June 200610 p.

    • Search Google Scholar
    • Export Citation
  • DürA.EU Trade Policy as Protection for exporters: The Agreement with Mexico and ChileJournal of Common Market Studies vol. 45 n. 4. November 2007 pp. 833855.

    • Search Google Scholar
    • Export Citation
  • EdwardsS.LedermanD.The Political Economy of unilateral trade liberalization: the case of Chile’ Working Paper 6510 National Bureau of Economic ResearchCambridge April 199857 p.

    • Export Citation
  • GantzD. A.The evolution of FTA Investment Provisions: from NAFTA to the United States – Chile Free Trade AgreementAmerican University International Law Review vol. 192004 pp. 679767.

    • Search Google Scholar
    • Export Citation
  • Gestaccion ‘Estratégia de Cooperacion Chile – Comision Europea 2007 – 2013’ April 2009 http://eeas.europa.eu/delegations/chile/documents/eu_chile/final_jornada_0423_es.pdf.

  • GhouriA. A.Resolving Incompatibilities of Bilateral Investment Treaties of the EU Member States with the EC Treaty: Individual and Collective OptionsEuropean Law Journal vol. 16 n. 6 November 2010 pp. 806830.

    • Search Google Scholar
    • Export Citation
  • GrebeC. P.Cooperación para el desarrollo y acuerdo de asociacion Chile – Unión EuropeaTrabajo final para el curso de Derecho Internacional Público Magíster en Estudios Internacionales Santiago 2006http://www.choike.org/documentos/chile_ue_pey.pdf.

    • Search Google Scholar
    • Export Citation
  • IrarràzabalJ.El arbitraje en los tratados de libre comercio suscritos por Chile’ in Estudios de Arbitraje (edited by Aylwin AzócarP.) Editorial Juridídica de Chile Santiago2007 pp. 417426.

    • Search Google Scholar
    • Export Citation
  • IrarràzabalJ.La solución de controversias entre estados en el TLC con EE.UU. y en el acuerdo de Asociación con la Unión Europea’ in Revista de Derecho de la Universidad Finis Terrae vol. IX n. 92005 pp. 129137.

    • Search Google Scholar
    • Export Citation
  • KourliandskyJ.Un Acuerdo bilateral ejemplar, un ambición regional potencial’ in Acuerdo Chile Unión Europea. Un paso decisivo en la cooperación birregional ‘Seminario organizado por Institut des Hautes Etudes de L’Amérique Latine y la Embajada de Chile en Francia’ Paris November 2002 pp. 4753.

    • Search Google Scholar
    • Export Citation
  • Latin American Centre para las relaciones con Europa (CELARE)Análisis de lo cinco años del Acuerdo de Asociación UE-ChileSantiago November 2008.

    • Search Google Scholar
    • Export Citation
  • LoyatJ.PetitY.La politique agricole commune. Une politique en mutationRéflexe Europe third Edition La Documentation française 2008204 p.

    • Search Google Scholar
    • Export Citation
  • Manero SalvadorA.El Acuerdo de Asociación entre la Unión Europea y Chile firmado en Bruselas el 18 de noviembre de 2002Revista española de derecho internacional n. 54 n. 2 2002 pp. 10471053.

    • Search Google Scholar
    • Export Citation
  • MauroM. R.Accordi internazionali sugli investimenti e Unione europeaStudi sull’integrazione europea n. 22010 pp. 403440.

    • Search Google Scholar
    • Export Citation
  • PotestàM.Bilateral Investment Treaties and the European Union. Recent Developments in Arbitration and Before the ECJThe Law and Practice of International Courts and Tribunals vol. 82009 pp. 225245.

    • Search Google Scholar
    • Export Citation
  • MayedaG.Investing in development: the role of democracy and accountability in international investment lawAlberta Law Review vol. 462008–2009 pp. 10091037.

    • Search Google Scholar
    • Export Citation
  • MeglianiM.La Politica Agricola Comune’ in Elementi di diritto dell’Unione Europea Parte Speciale. Il diritto sostanziale (edited by U. Draetta – N. Parisi) Giuffrè Edition 2010 pp. 265273.

    • Search Google Scholar
    • Export Citation
  • NapolitanoG.I problemi connessi all’attuazione del Trattato di MaastrichtBollettino di informazioni costituzionali e parlamentari1993 pp. 112.

    • Search Google Scholar
    • Export Citation
  • OminamiC.Democracia, cooperación, política y económica, bases de un acuerdo, Acuerdo Chile Unión Europea. Un paso decisivo en la cooperación birregionalProceedings of the ‘Seminario organizado por Institut des Hautes Etudes de L’Amérique Latine y la Embajada de Chile en FranciaParis November 2002 pp. 3538.

    • Search Google Scholar
    • Export Citation
  • PalermA.Tebar-lessC.VadaszJ.OECD Codes of Liberalisation: a key part of OECD accession for Chile, Estonia, Israel and SloveniaInvestment News OECD June 2010 pp. 911.

    • Export Citation
  • PenelP.El acuerdo y las prospectivas de la inversión extranjera en Chile’ in Acuerdo Chile Unión Europea. Un paso decisivo en la cooperación birregional ‘Seminario organizado por Institut des Hautes Etudes de L’Amérique Latine y la Embajada de Chile en Francia’Paris November 2002 pp. 8388.

    • Search Google Scholar
    • Export Citation
  • PennettaP.Integrazione europea ed integrazioni latino-americane e caraibiche: modelli e rapporti’ in Le organizzazione economiche regionali africaneCacucci EditionBari1998251 p.

    • Search Google Scholar
    • Export Citation
  • PoniachikK.Chile’s FDI Policy: Past experience and future challenges, Global Forum on International Investment attracting foreign direct investments for developmentShanghai5-6 December 200222 p.

    • Search Google Scholar
    • Export Citation
  • PorrasJ. I.La estrategia chilena de acuerdos commerciales: un análisis políticoCEPALDivisión de Commercio Internacional e IntegraciónSantiago December 200374 p.

    • Search Google Scholar
    • Export Citation
  • LiQuanResnickA.Reversal of Fortunes: Democratic Institutions and Foreign Direct Investment Inflows to Developing Countries’ in International Organization vol. 57 Winter 2003 pp. 175211.

    • Search Google Scholar
    • Export Citation
  • LiQuanDemocracy, Autocracy, and Tax Incentives to Foreign Direct Investors: A Cross-National AnalysisThe Journal of Politics Vol. 68 No. 1 February 2006 pp. 6274.

    • Search Google Scholar
    • Export Citation
  • RamisA.Una mirada desde la sociedad civil al acuerdo de asociación entre Chile y la Unión EuropeaAsociación chilena de organismos no gubernamentales ACCIONSantiago2007.

    • Search Google Scholar
    • Export Citation
  • SanjayaL.Learning from the Asian tigers: Studies in technology and industrial policySt. Martin’s PressNew York1997256 p.

    • Search Google Scholar
    • Export Citation
  • SotilloL.JoséA.La política exterior Española y la primera cumbre Unión Europea-América Latina y el CaribeIberoamerica ante los procesos de integración vol. 181999 pp. 4763.

    • Search Google Scholar
    • Export Citation
  • TavassiJ.The regime of international investments within the Association Agreements: towards a new comprehensive regulation?The Journal of World Investment & Trade vol. 132012 pp. 144156.

    • Search Google Scholar
    • Export Citation
  • TavassiJ.The EU Investment Policy: How to ensure a fair regulation of the concerned interests?The Journal of World Investment & Trade vol. 132012 pp. 645660.

    • Search Google Scholar
    • Export Citation
  • ThompsonA.El arbitraje inversioni sta-estado y la Comisión de libre comercio en el Trado de Libre Comercio entre República Dominicana, Centroamérica y Estados Unidos: Análisis a la luz de la jurisprudencia constitucional’ in Estudios Jurídicos sobre el Tratado de Libre Comercio Publisher Anabel González2005 pp. 452483.

    • Search Google Scholar
    • Export Citation
  • TizzanoA.Brevi considerazioni sull’evoluzione istituzionale delle Comunità europeeJus. vol. 11999 pp. 535540.

  • TizzanoA.La personalità internazionale dell’Unione europeaIl diritto dell’Unione Europea vol. 31998 pp. 377406.

  • VillaniU.Istituzioni di diritto dell’Unione europeaII Edition revised Cacucci Edition Bari2011422 p.

  • WilhemyM. – Durán ‘Los principales rasgos de la política exterior chilena entre 1973 y el 2000Revista de Ciencia Política vol. XXVIII n. 22003 pp. 273286.

    • Search Google Scholar
    • Export Citation
  • WilhemyM. ‘Democracia, autoritarismo e integración: el caso chileno’ in CINDE. Sociedad política e integración en América Latina Santiago 1982 pp. 125147.

    • Search Google Scholar
    • Export Citation

Content Metrics

All Time Past Year Past 30 Days
Abstract Views 149 85 8
Full Text Views 49 1 0
PDF Downloads 5 1 0