Imran Khan
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what are BIT ?
Bilateral Investment Treaties (BITs) are agreements between two governments ostensibly designed to promote investment flows and protect international investors and their investments. There are more than 2,000 BITs globally and an increasing number of trade agreements contain investment protection chapters.
who start them ?
The world's first BIT was signed on November 25, 1959 between Pakistan and Germany.
Criticism
NGOs have spoken against the use of BITs, stating that they are mostly designed to protect the foreign investors and do not take into account obligations and standards to protect the environment, labour rights, social provisions or natural resources. Moreover, when such clauses are agreed upon the formulation is legally very open-ended and unpredictable.
how its bad ?
Bilateral investment treaties (BITs) allow transnational corporations to by-pass domestic courts and sue sovereign states - costing tax payers millions in legal expenses and preventing governments from acting in the best interests of their citizens.
Authors
Seattle-to-Brussels network (S2B)
Programmes
Trade & Investment
Over the past decades EU member states have signed over 1200 “Bilateral Investment treaties” (BITs) designed to protect their investors abroad. BITs allow multinational corporations the right to challenge governments' social, environmental and economic regulations if they look like they might harm the profitability of their investment.
There is now a window of opportunity to break away from the current investment policies and to put public interest before corporate profits. The Lisbon Treaty has moved the competence for foreign investments from the 27 European member states to the European Union level. The European Commission, Council and Parliament are at present discussing the content and directions of the future EU investment policy.
Social movements, human rights, development and environmental organizations as well as trade unions must speak out and push for a balanced investment policy that is not merely concerned with investor rights, but holds investors accountable and promotes and protects public interests, human rights and environmental sustainability.
www.tni.org
pakistan case is world example
even after pakistan slapped 7bn$ total fines on ricodik and karkay cases by International Center for Settlement of Investment Disputes pakistan never learnt a lesson and still we have not pulled out from all of our BITs as many countries do and we did not revoked our membership from ICSID as they have slapped us 6bn$ world highest fine to pay for investment of merely 450mn$ . still our low lavel diplomats and sectaries are signing bilateral investment treaty (BIT)s and never learnt a lesson many 3rd world countries have learn from pakistan example and edited the BITs and cancel them too to safe guard their interests and future mess . did we eared7bn$ from investors last 10 years ?
its need of hour we should pulled out from all our BITs and ICSID . we did not need any damn ICSID MEMBERSHIP AS WE HAVE NOT INVESTED BILLIONS IN OTHER COUNTRIES WE ARE 3RD WORLD COUNTRY .OTHERWISE INVESTERS WILL KEEP DRAGING US IN ICSID .
you can find Pakistani signed BITs here on official web of UNCTAD
RICO DIK case was based on pakistan Australia Bilateral Investment Treaty BIT signed by gohar ayoub khan in 7 feb1998 as Minister of Foreign Affairs .
full text of BIT is here
if you think termination of BITs will effect FDI read this
We found the following trends with respect to the countries included in this analysis
Ecuador
began to terminate BITs in 2008. From 2008 to today, overall FDI stock into Ecuador increased by 38 percent, from $13 billion to $17 billion. After Ecuador terminated its BIT with Uruguay in 2008, FDI from the country increased 420 percent, from an annual average of $6.3 million before termination to $32.6 million after termination.Bolivia began terminating BITs in 2009, and since then the country’s overall FDI stock grew 61 percent, from $7.3 billion to $11.8 billion today.
Bolivia
terminated its BIT with Spain in July 2012, but FDI inflows from Spain more than doubled, from an annual average of $163 million before termination to an annual average of $457 million after termination.
South Africa
decided in 2010 to terminate 20 BITs. FDI stock increased 10 percent since that time, from 1.8 trillion rand to 2.0 trillion rand. After South Africa terminated its BIT with Germany in August 2014, FDI stock from Germany in South Africa increased from an annual average of 93 billion rand before termination to 95 billion rand after termination.Over the last decade, the South African Government has cancelled numerous Bilateral Investment Treaties (BITs) with EU Member States.
Indonesia
gave notice in 2014 that it would terminate its 67 BITs, and its overall FDI stock increased by 5 percent, from $228 billion in 2014 to $240 billion in 2016. Indonesia terminated its BIT with the Netherlands in June 2015, and saw investment inflows from the country increase from an average annual $715 million net outflow before termination to a $1.7 billion net inflow after termination.
India
gave notice in early 2016 that it would terminate 58 BITs, and early indications are that the country has continued to experience robust and growing investment inflows. India terminated its BIT with the Netherlands in December 2016. FDI from the Netherlands increased from an annual average of $3.4 billion before termination to $3.8 billion after termination.
@Horus @Dazzler @Sabretooth @Pakhtoon yum @Aiman talha hashmi @Okasha @Windjammer @Maxpane @Dazzler @araz @Umair Nawaz @JohnWick @MastanKhan @hassan1 @salman-1 @khanasifm @fatman17 @ghazi52 @Knuckles @Super Falcon @HRK @war&peace @PakSword @Ozee @Liquidmetal @MBilal106 @mingle @Stealth @Zarvan @StormBreaker @Metal 0-1 @Rafi
@Trailer23 @Irfan Baloch @HRK @jupiter2007 @bhola record @Horus @Dubious @araz @AZADPAKISTAN2009 @Bilal Khan (Quwa) @Dazzler @fatman17 @ghazi52 @Hodor @Irfan Baloch @Knuckles @Oscar @waz @Windjammer
@aeromerix @Avicenna @Ali_Baba @Falcon26 @Haroon Baloch @HRK @khanasifm @Liquidmetal @Maxpane @crankthatskunk @Gillani88 @graphican @GriffinsRule @Hakikat ve Hikmet @I S I @Khafee @Khanivore @khansaheeb @loanranger @member.exe @Microsoft @mingle @Mrc @Myth_buster_1 @Rafi @Sabretooth @salman-1 @Shane @Okasha Zahid @Ozee @Pakhtoon yum @pakistanipower @PAKISTANFOREVER @Path-Finder @PWFI @Signalian @Starlord @Super Falcon @_Sherdils_ @TF141 @The Accountant @TheTallGuy @Thorough Pro @tipu_ssw @TOPGUN @Tps43 @Umair Nawaz @Vortex @war&peace @War Thunder @ziaulislam @Zulfiqar
@HawkEye27 @Hodor @Raider 21 @HRK
@Horus @Dubious @AgNoStiC MuSliM @araz @airomerix @Arsalan @AZADPAKISTAN2009 @BHarwana @Bilal Khan (Quwa) @Bilal Khan 777 @Foxtrot Alpha @ghazi52 @Irfan Baloch @Imran Khan @Jango @krash @LeGenD @Moonlight @Side-Winder @SQ8 @waz @Windjammer @dbc @Aamir Hussain @The Eagle @WebMaster
@Ahmet Pasha @Akh1112 @aliyusuf @Areesh @ARMalik @assasiner @Blacklight @crankthatskunk @Cookie Monster @Counter-Errorist @Dalit @DESERT FIGHTER @Dil Pakistan @Falcon26 @Flight of falcon @FuturePAF @graphican @GriffinsRule @Gryphon @GumNaam @Haris Ali2140 @Hakikat ve Hikmet @I S I @JamD @Khanivore @khansaheeb @khanasifm @Liquidmetal @loanranger @masterchief_mirza @Maxpane @Mirage Battle Commander @Microsoft @mingle @Mrc @mshan44 @Muhammad Omar @NA71 @Nasr @notorious_eagle @Pakistani Fighter @PAKISTANFOREVER @PakShaheen79 @PanzerKiel @Path-Finder @PDFChamp @PWFI @Rafi @Reichsmarschall @Riz @SABRE @Safriz @Shane @Signalian @Starlord @Stealth @StormBreaker @The Accountant @TheTallGuy @Tank131 @Thorough Pro @TOPGUN @Tipu7 @Tps43 @truthfollower @TsAr @Trango Towers @Ultima Thule @undercover JIX @Viper27 @Vortex @Verve @Zarvan @ziaulislam @Zulfiqar
My hommies @PakSword @Super Falcon @Sabretooth @PradoTLC @khail007 @War Thunder @ZedZeeshan @Crystal-Clear
Bilateral Investment Treaties (BITs) are agreements between two governments ostensibly designed to promote investment flows and protect international investors and their investments. There are more than 2,000 BITs globally and an increasing number of trade agreements contain investment protection chapters.
who start them ?
The world's first BIT was signed on November 25, 1959 between Pakistan and Germany.
Criticism
NGOs have spoken against the use of BITs, stating that they are mostly designed to protect the foreign investors and do not take into account obligations and standards to protect the environment, labour rights, social provisions or natural resources. Moreover, when such clauses are agreed upon the formulation is legally very open-ended and unpredictable.
how its bad ?
Bilateral investment treaties (BITs) allow transnational corporations to by-pass domestic courts and sue sovereign states - costing tax payers millions in legal expenses and preventing governments from acting in the best interests of their citizens.
Authors
Seattle-to-Brussels network (S2B)
Programmes
Trade & Investment
Over the past decades EU member states have signed over 1200 “Bilateral Investment treaties” (BITs) designed to protect their investors abroad. BITs allow multinational corporations the right to challenge governments' social, environmental and economic regulations if they look like they might harm the profitability of their investment.
The investment dispute settlement mechanisms that are typically an integral part of BITs allow foreign investors to by-pass domestic courts and sue sovereign states before international arbitration panels. BITs have cost taxpayers millions in legal expenses and compensations and are eroding the ability of governments to act in the best interests of their citizens. Bilateral investment treaties are a threat to public policy, democratic governance and the public interest and should alert anybody concerned with environmental and social policies.
There is now a window of opportunity to break away from the current investment policies and to put public interest before corporate profits. The Lisbon Treaty has moved the competence for foreign investments from the 27 European member states to the European Union level. The European Commission, Council and Parliament are at present discussing the content and directions of the future EU investment policy.
Social movements, human rights, development and environmental organizations as well as trade unions must speak out and push for a balanced investment policy that is not merely concerned with investor rights, but holds investors accountable and promotes and protects public interests, human rights and environmental sustainability.
Change EU investment policy - now is the time! | Transnational Institute
Bilateral investment treaties (BITs) allow transnational corporations to by-pass domestic courts and sue sovereign states - costing tax payers millions in legal expenses and preventing governments from acting in the best interests of their citizens.
pakistan case is world example
even after pakistan slapped 7bn$ total fines on ricodik and karkay cases by International Center for Settlement of Investment Disputes pakistan never learnt a lesson and still we have not pulled out from all of our BITs as many countries do and we did not revoked our membership from ICSID as they have slapped us 6bn$ world highest fine to pay for investment of merely 450mn$ . still our low lavel diplomats and sectaries are signing bilateral investment treaty (BIT)s and never learnt a lesson many 3rd world countries have learn from pakistan example and edited the BITs and cancel them too to safe guard their interests and future mess . did we eared7bn$ from investors last 10 years ?
its need of hour we should pulled out from all our BITs and ICSID . we did not need any damn ICSID MEMBERSHIP AS WE HAVE NOT INVESTED BILLIONS IN OTHER COUNTRIES WE ARE 3RD WORLD COUNTRY .OTHERWISE INVESTERS WILL KEEP DRAGING US IN ICSID .
you can find Pakistani signed BITs here on official web of UNCTAD
Pakistan | International Investment Agreements Navigator | UNCTAD Investment Policy Hub
Discover UNCTAD’s one stop shop on all investment policy matters ranging from national and international regulation to cutting-edge publications, news and discussions.
investmentpolicy.unctad.org
full text of BIT is here
if you think termination of BITs will effect FDI read this
We found the following trends with respect to the countries included in this analysis
Ecuador
began to terminate BITs in 2008. From 2008 to today, overall FDI stock into Ecuador increased by 38 percent, from $13 billion to $17 billion. After Ecuador terminated its BIT with Uruguay in 2008, FDI from the country increased 420 percent, from an annual average of $6.3 million before termination to $32.6 million after termination.Bolivia began terminating BITs in 2009, and since then the country’s overall FDI stock grew 61 percent, from $7.3 billion to $11.8 billion today.
Bolivia
terminated its BIT with Spain in July 2012, but FDI inflows from Spain more than doubled, from an annual average of $163 million before termination to an annual average of $457 million after termination.
South Africa
decided in 2010 to terminate 20 BITs. FDI stock increased 10 percent since that time, from 1.8 trillion rand to 2.0 trillion rand. After South Africa terminated its BIT with Germany in August 2014, FDI stock from Germany in South Africa increased from an annual average of 93 billion rand before termination to 95 billion rand after termination.Over the last decade, the South African Government has cancelled numerous Bilateral Investment Treaties (BITs) with EU Member States.
Indonesia
gave notice in 2014 that it would terminate its 67 BITs, and its overall FDI stock increased by 5 percent, from $228 billion in 2014 to $240 billion in 2016. Indonesia terminated its BIT with the Netherlands in June 2015, and saw investment inflows from the country increase from an average annual $715 million net outflow before termination to a $1.7 billion net inflow after termination.
India
gave notice in early 2016 that it would terminate 58 BITs, and early indications are that the country has continued to experience robust and growing investment inflows. India terminated its BIT with the Netherlands in December 2016. FDI from the Netherlands increased from an annual average of $3.4 billion before termination to $3.8 billion after termination.
@Horus @Dazzler @Sabretooth @Pakhtoon yum @Aiman talha hashmi @Okasha @Windjammer @Maxpane @Dazzler @araz @Umair Nawaz @JohnWick @MastanKhan @hassan1 @salman-1 @khanasifm @fatman17 @ghazi52 @Knuckles @Super Falcon @HRK @war&peace @PakSword @Ozee @Liquidmetal @MBilal106 @mingle @Stealth @Zarvan @StormBreaker @Metal 0-1 @Rafi
@Trailer23 @Irfan Baloch @HRK @jupiter2007 @bhola record @Horus @Dubious @araz @AZADPAKISTAN2009 @Bilal Khan (Quwa) @Dazzler @fatman17 @ghazi52 @Hodor @Irfan Baloch @Knuckles @Oscar @waz @Windjammer
@aeromerix @Avicenna @Ali_Baba @Falcon26 @Haroon Baloch @HRK @khanasifm @Liquidmetal @Maxpane @crankthatskunk @Gillani88 @graphican @GriffinsRule @Hakikat ve Hikmet @I S I @Khafee @Khanivore @khansaheeb @loanranger @member.exe @Microsoft @mingle @Mrc @Myth_buster_1 @Rafi @Sabretooth @salman-1 @Shane @Okasha Zahid @Ozee @Pakhtoon yum @pakistanipower @PAKISTANFOREVER @Path-Finder @PWFI @Signalian @Starlord @Super Falcon @_Sherdils_ @TF141 @The Accountant @TheTallGuy @Thorough Pro @tipu_ssw @TOPGUN @Tps43 @Umair Nawaz @Vortex @war&peace @War Thunder @ziaulislam @Zulfiqar
@HawkEye27 @Hodor @Raider 21 @HRK
@Horus @Dubious @AgNoStiC MuSliM @araz @airomerix @Arsalan @AZADPAKISTAN2009 @BHarwana @Bilal Khan (Quwa) @Bilal Khan 777 @Foxtrot Alpha @ghazi52 @Irfan Baloch @Imran Khan @Jango @krash @LeGenD @Moonlight @Side-Winder @SQ8 @waz @Windjammer @dbc @Aamir Hussain @The Eagle @WebMaster
@Ahmet Pasha @Akh1112 @aliyusuf @Areesh @ARMalik @assasiner @Blacklight @crankthatskunk @Cookie Monster @Counter-Errorist @Dalit @DESERT FIGHTER @Dil Pakistan @Falcon26 @Flight of falcon @FuturePAF @graphican @GriffinsRule @Gryphon @GumNaam @Haris Ali2140 @Hakikat ve Hikmet @I S I @JamD @Khanivore @khansaheeb @khanasifm @Liquidmetal @loanranger @masterchief_mirza @Maxpane @Mirage Battle Commander @Microsoft @mingle @Mrc @mshan44 @Muhammad Omar @NA71 @Nasr @notorious_eagle @Pakistani Fighter @PAKISTANFOREVER @PakShaheen79 @PanzerKiel @Path-Finder @PDFChamp @PWFI @Rafi @Reichsmarschall @Riz @SABRE @Safriz @Shane @Signalian @Starlord @Stealth @StormBreaker @The Accountant @TheTallGuy @Tank131 @Thorough Pro @TOPGUN @Tipu7 @Tps43 @truthfollower @TsAr @Trango Towers @Ultima Thule @undercover JIX @Viper27 @Vortex @Verve @Zarvan @ziaulislam @Zulfiqar
My hommies @PakSword @Super Falcon @Sabretooth @PradoTLC @khail007 @War Thunder @ZedZeeshan @Crystal-Clear
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