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Abstract

This article discusses the idea of an investment facilitation agreement in the WTO through the lens of bilateral initiatives like the EU-India mechanism. It is argued that while bilateralism offers a sense of perspective on how far countries want to go with an investment facilitation agreement, there is a risk that bilateral initiatives augment the already fragmented landscape of international economic law, proceeding in an uncoordinated and piecemeal manner. Regardless of the impact bilateral initiatives have on future work the WTO, it is important to crystallize the common principles that have emerged in the discussion so far into a unitary product and not to lose momentum.

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