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Beyond trade deals: charting a post-Brexit course for UK investment treaties

Lorenzo Cotula, Lise Johnson

IIED Briefing, 4 pages

The Brexit referendum has raised questions about the future terms of the United Kingdom’s engagement with the world economy. While a debate over the UK’s future approach to trade deals has already begun, a similar discussion has yet to develop on the treaties that govern foreign investment. The stakes are high: ill-designed treaties could leave the UK excessively exposed to legal claims by foreign companies and could fail to address economic, social and environmental challenges. While meaningful negotiations are unlikely to start until the new relationship between the UK and the EU has been clarified, now would be a good time for a policy review to define a new approach. The government, parliament and the public have an important role to play in positioning the UK as a global innovator in investment treaty policy.

This project has been produced under IIED’s Legal tools for citizen empowerment project.

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International investment treaties are a key part of the legal architecture that underpins the global economy. IIED works with partners to realign these legal documents with sustainable development.

More at www.iied.org:
Rethinking investment treaties and dispute settlement in the light of sustainable development

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