Human Rights-Compatible International Investment Agreements: A Voice from Central & Eastern Europe and Central Asia

Abstract

This DiF paper analyses the 2021 Consultations for Central & Eastern Europe and Central Asia, conducted as part of the process underlying the United Nations Working Group 'Report on human rights-compatible international investment agreements'. These consultations led to three unique conclusions concerning International Investment Agreements ('IIAs'), which were absent in other consultations: (i) the 'regulatory chill' caused by IIAs with respect to human rights regulations is moot in authoritarian and 'hybrid' regimes in this region, (ii) IIAs tend to be perceived in this region as tools to protect human rights, which can spill over to other areas of socio-economic life, and as a source of inspiration and a model for building similar protections in such other areas, and with the potential to (iii) have a positive impact on the development of domestic laws (and their relationship with the rule of law and good governance reforms in developing host states).