As the world’s largest exporter and importer of foreign direct investment, it is of paramount importance for the EU to ensure that the resolution of investment disputes operates effectively on an international level. Many countries are currently engaged in internal reflections regarding their policies on investment protection and investment dispute settlement. The EESC aims therefore to make a timely contribution to this ongoing and highly interesting debate.
At the request of the European Commission, the EESC is currently drafting an own-initiative opinion on a possible future multilateral court for the settlement of investment disputes. The European Commission proposes for this court to become a permanent body to decide investment disputes, under the auspices of the United Nations Commission on International Trade law (UNCITRAL).