Columbia International Affairs Online: Policy Briefs

CIAO DATE: 04/2010

It's time for an EU Investment Promotion Agency

José Guimón

March 2010

Columbia Center on Sustainable Investment


One important novelty of the Lisbon Treaty, ratified by the EU in December 2009, is the inclusion of FDI within the scope of Common Commercial Policy, implying a transfer of certain FDI competences from the member states to the EU, which now has the ability to conclude international investment treaties. Until now, member states had full competence over FDI, and the role of EU institutions was very limited. It remains to be seen how the new Treaty will be interpreted and implemented in light of the difficult legal and political questions that this development raises.