Columbia International Affairs Online: Policy Briefs

CIAO DATE: 06/2014

Perspectives on topical foreign direct investment issues

Rainer Geiger

April 2014

Columbia Center on Sustainable Investment


Launched in July 2013 by the European Union and the United States, the Transatlantic Trade and Investment Partnership (TTIP) represents an important effort to reach a comprehensive economic agreement between two major trading partners. As has been pointed out, the project offers great opportunities for liberalizing trade and investment and regulatory convergence. Its level of ambition implies high risks, but despite negotiators’ initial optimism, its success is far from certain. This Perspective focuses on the project’s investment chapter, drawing lessons from the failed negotiations on a Multilateral Agreement on Investment (MAI), which was meant to consolidatethe results of liberalization in the OECD area, establish new disciplines and introduce protectionand dispute settlement.