Sustainable Development In Investment Agreements

The paper proposes that AIs be designed and evaluated on the basis of their ability to promote investments that promote sustainable development goals, while respecting the benefits of investments that undermine these objectives. A 2019 CCSI document examines the alignment of AI with the 2030 sustainable development agenda, which argues that direct direct investment will play an important role in promoting development outcomes, but that it is necessary to reform existing treaties and reorganize them in the future in order to achieve a deep adaptation to sustainable development goals. UNCTAD has also been at the forefront of efforts to reform the international investment regime and has provided valuable support to this process. Foreign investment has been and remains an important factor in the economic development of many countries, particularly developing countries. Transnational investment activities provide host countries with the necessary capital and technology, but can also raise concerns about sustainable development, such as the environment and workers` rights. For many developing countries, these concerns could be particularly profound. The study examines 40 Swiss IIIs – agreements reached over the past 50 years – in the light of these five principles. On the basis of this review, the report concludes that the Swiss II are often at risk of thwarting the results of sustainable development and that they represent missed opportunities to proactively advance the Sustainable Development Goals. At the same time, the report mentions concrete and achievable steps the government can take to address these issues, both in its existing treaties and in its future treaties.

Lisa Sachs describes the framework for this video prepared for the 2020 Cnuced IIA conference, held virtually on November 26, 2020. This framework builds on an earlier study commissioned by the Swiss Agency for Development and Cooperation, which aims to help capital-exporting countries assess the alignment of their contracts with sustainable development and implement the framework for a review of Switzerland III. The assumption that the completion of a sustainable development I2A is a reasonable policy option and an emerging trend for countries to address the challenges of sustainable development does not necessarily mean that an IGE with a high level of focus on sustainable development is suitable for all countries or that such an IGE can best serve a country`s development goals.