Review Effect of TTIP Agreement on Developing Countries from the Legal and Political Perspective

AuthorSaeid Rabiei Majd
PositionXiamen University, China
Pages42-49
Vol. 1 No. 2
June, 2017
European Journal of Economics, Law and Social Sciences
IIPCCL Publishing, Graz-Austria
ISSN 2519-1284
Acces online at www.iipccl.org
42
Review E ect of TTIP Agreement on Developing Countries from the Legal
and Political Perspective
PhD (C.) Saeid Rabiei Majd
Xiamen University, China
Abstract
Investment is essential for growth and job creation. It integrates the EU into global value
chains to achieve a stronger economic recovery. EU policies are geared towards increasing
investment as part of the recovery. EU is negotiating a trade and investment deal with the US
- the Transatlantic Trade and Investment Partnership - or TTIP. The Investment Court System
would replace the existing investor-to-state dispute se lement (ISDS) mechanism in all
ongoing and future EU investment negotiations, including the EU-US talks on a Transatlantic
Trade and Investment Partnership (TTIP). This research aims at reviewing a new system, by
protecting the governments' right to regulate and ensure that investment disputes will be
adjudicated in full accordance with the rule of law.
Keywords: Investment Court, ISDS, State Dispute Se lement, TTIP.
Introduction
Over the next ten to een years, 90% of world demand will be generated outside of
Europe. That is why it is a key priority for the EU to tap into this growth potential
by opening up market opportunities for European businesses abroad. One way of
ensuring this is by negotiating agreements with our key partners.
EU is negotiating a trade and investment deal with the US - the Transatlantic Trade
and Investment Partnership - or TTIP.
Free Trade Agreements are designed to create opportunities by:
Opening new markets for goods and services;
Increasing investment opportunities;
Making trade cheaper - by eliminating substantially all customs duties;
Making trade faster - by facilitating goods' transit through customs and se ing
common rules on technical and proper standards;
Making the policy environment more predictable - by taking joint commitments
on areas that a ect trade such as intellectual property rights, competition rules
and the framework for public purchasing decisions.
Europe currently faces big challenges, like:
Kick-starting our own economy;
Responding to con icts close to our borders;
Adapting to other, emerging economies outside of the Europe;
Maintaining our in uence in the wider world.
The main purpose of this study is to investigate the relationship between government
and transnational corporations and private investors. This company via direct

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