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date: 04 December 2020

Abstract and Keywords

This article focuses on some of the common features of investment agreement, including their prohibition of discriminatory treatment, treatment below the minimum standard, and expropriation without compensation. The purpose of this article is to highlight some of their common ground for the purpose of comparing these agreements with the World Trade Organization's (WTO's) coverage of investment. The primary concern of WTO rules is to reduce barriers to trade in goods and services. They are concerned only with investment measures that affect trade in goods and services. The general agreement on trade in services has been hailed as a major achievement of the Uruguay Round 24 and a significant step in establishing an international framework for trade in services. This article provides an analysis of the basic provisions and shows that investment agreements provide a wider net to catch more types of measures than WTO agreements.

Keywords: investment agreement, WTO rules, trade, measures, Uruguay Round, discriminatory treatment

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