• BRICS 2017 is an interesting reading and cover wide areas for member country co operation .It represents 40% of world population and wants it to be heard in international forum. For the first time ever, a global political platform that involves China has identified terror groups in Pakistan and Afghanistan. The five nations issued a declaration at the ongoing Summit at Xiamen in China on Monday. The declaration not only condemned terrorism but also designated Pakistan-based militant groups as global terrorists for the first time ever.
• BRICS 2017 is an interesting reading and cover wide areas for member country co operation .It represents 40% of world population and wants it to be heard in international forum. For the first time ever, a global political platform that involves China has identified terror groups in Pakistan and Afghanistan. The five nations issued a declaration at the ongoing Summit at Xiamen in China on Monday. The declaration not only condemned terrorism but also designated Pakistan-based militant groups as global terrorists for the first time ever.
This study aims to contribute to the discussion about the opportunities and the limits to the development of a Green Bonds market in Brazil, in line with international experience.
GVces - Center for Sustainability Studies
www.gvces.com.br
Contour of Investment Dispute Settlement Mechanism A Crucial Analysis of its ...ijtsrd
This paper x rays the primordial role of the investor state dispute settlement ISDS mechanisms in fostering international cooperation for economic development, especially in the extractive industries EI . As it provides a forum for investors to bring claims against States and vice versa. The ICSID Convention maintains a careful balance between the interests of the investors and those of the host States as the Convention permits the institution of proceedings by both the host States and the investors. However, the evolution of the international investment system has transformed this broadly conceived forum into a relatively unilateral forum. Since under the current system, the best a Respondent State can hope for is that the investor covers their legal costs. With the investors having much to gain, while the States have everything to lose. As such, any successful State counterclaims and claims can serve as a deterrent to any frivolous claim from the investors, thus, providing the Respondent States with a motive to bypass jurisdictional objections and move straight to the merits. In this vein, the right granted to the private parties, to effectively sue a sovereign State for breaches of “acquired rights” granted in contracts, international investment agreements IIAs , and customary international law, has been called, by both the opponents and proponents, as the pulling down of the State to the same level as a private party. Despite ICSID permission and encouragement of State counterclaims, most State counterclaims in ISDS always fail because of the narrow interpretations of the counterclaim jurisdictional requirements, as well as the lack of substantive protections for States in contracts and IIAs. On this account, the paper also considers the effectiveness of ISDS and enforcement in Cameroon, and the ISDS proceedings under the OHADA system. Which in pursuant to the global recognition of arbitration as a predominant ISDS mechanism and the concomitant growth in the normative and institutional frameworks regulating the conduct of investment arbitration, created the Common Court for Justice and Arbitration CCJA and adopted the Uniform Act on Arbitration as the lex loci arbitri for all arbitration proceedings conducted within the OHADA zone. Although investors are still sceptical about such ISDS mechanisms because they are afraid of its legal and judicial uncertainty and insecurity – thus, prompting them to anchor at the ICSID. That being the case, the paper examines these issues by first cascading the spectrum and implications of the investment dispute settlement mechanisms – by focusing on the rights and obligations of the parties of an ISDS process, and then tackling the purview and impact of investment dispute settlement and enforcement framework in Cameroon, by examining the alternative mechanisms that can enhance sustainability in its EI. Bande Gulbert Mbah Tarh "Contour of Investment Dispute Settlement Mechanism: A Crucial Analysis of its Purvie
Bangladesh can learn strategy of fdi from chinaM S Siddiqui
There is no reason why Bangladesh will continue keep these sector restricted for public investment with overseas loan against high interest rate. The relevant government departments are proven to be most corrupt and inefficient. The cost of construction is reportedly highest in the world as revealed by different study and comparison with other countries. These sectors may be opened for FDI following the policy of China.
General rules for international factoringM S Siddiqui
Bangladesh may adapt The General Rules for International Factoring (GRIF) and encourage Factors to join the global factors chain can guide and regulate the contract of factoring service to protect the interest of the factoring service recipients.
MULTINATIONAL CORPORATIONS #5 - Code of Conduct of MNCSundar B N
Meaning of Code of Conduct
According to the Brandit Commission
Code of Conduct drawn up by the commission on TNC’s, set up by the UN’s Economic and Social Council
According to OECD Code of Conduct in 1976
Evaluation of factoring rule of bangladesh bankM S Siddiqui
Bangladesh should consider ratifying UNIDROIT Convention to facilitate the factoring services. Bangladesh may consider having a law on factoring services. BB should clarify the issues related to general rule of factoring, effective communication with edifactoring and arbitration in order to resolve the disputed and smooth transaction of factoring in domestic and international trade.
VIETNAM – BANKING AND FINANCING SUSTAINABLE GROWTH - Issues and Solutions - ...Dr. Oliver Massmann
VIETNAM – BANKING AND FINANCING SUSTAINABLE GROWTH
- Issues and Solutions - Impact of the Key Trade Agreements
CPTPP, EUVNFTA and Investment Protection Agreement
This edition of the Newsletter highlights the converging areas of interest in the BRICS grouping and its contribution in charting a new global landscape.
The Newsletter also covers key happenings from International Trade Centre (ITC), The World Bank (WB), Asian Development Bank (ADB) and United Nations Development Programme (UNDP).
When the global financial crisis broke out in 2008, G20 Leaders committed to resisting protectionism in all its forms at their 2008 Summit in Washington. At their subsequent summits in London, Pittsburgh, Toronto, Seoul, Cannes, Los Cabos, St Petersburg, Brisbane, Antalya and Hangzhou, they
reaffirmed their pledge and called on WTO, OECD, and UNCTAD to monitor and publicly report on their trade and investment policy measures. The present document is the sixteenth report on investment and investment-related measures made in
response to this call. It has been prepared jointly by the OECD and UNCTAD Secretariats and covers investment policy and investment-related measures taken in the five months between 16 May 2016 and 14 October 2016.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
More Related Content
Similar to BRICS Understanding on Investment Facilitation
This study aims to contribute to the discussion about the opportunities and the limits to the development of a Green Bonds market in Brazil, in line with international experience.
GVces - Center for Sustainability Studies
www.gvces.com.br
Contour of Investment Dispute Settlement Mechanism A Crucial Analysis of its ...ijtsrd
This paper x rays the primordial role of the investor state dispute settlement ISDS mechanisms in fostering international cooperation for economic development, especially in the extractive industries EI . As it provides a forum for investors to bring claims against States and vice versa. The ICSID Convention maintains a careful balance between the interests of the investors and those of the host States as the Convention permits the institution of proceedings by both the host States and the investors. However, the evolution of the international investment system has transformed this broadly conceived forum into a relatively unilateral forum. Since under the current system, the best a Respondent State can hope for is that the investor covers their legal costs. With the investors having much to gain, while the States have everything to lose. As such, any successful State counterclaims and claims can serve as a deterrent to any frivolous claim from the investors, thus, providing the Respondent States with a motive to bypass jurisdictional objections and move straight to the merits. In this vein, the right granted to the private parties, to effectively sue a sovereign State for breaches of “acquired rights” granted in contracts, international investment agreements IIAs , and customary international law, has been called, by both the opponents and proponents, as the pulling down of the State to the same level as a private party. Despite ICSID permission and encouragement of State counterclaims, most State counterclaims in ISDS always fail because of the narrow interpretations of the counterclaim jurisdictional requirements, as well as the lack of substantive protections for States in contracts and IIAs. On this account, the paper also considers the effectiveness of ISDS and enforcement in Cameroon, and the ISDS proceedings under the OHADA system. Which in pursuant to the global recognition of arbitration as a predominant ISDS mechanism and the concomitant growth in the normative and institutional frameworks regulating the conduct of investment arbitration, created the Common Court for Justice and Arbitration CCJA and adopted the Uniform Act on Arbitration as the lex loci arbitri for all arbitration proceedings conducted within the OHADA zone. Although investors are still sceptical about such ISDS mechanisms because they are afraid of its legal and judicial uncertainty and insecurity – thus, prompting them to anchor at the ICSID. That being the case, the paper examines these issues by first cascading the spectrum and implications of the investment dispute settlement mechanisms – by focusing on the rights and obligations of the parties of an ISDS process, and then tackling the purview and impact of investment dispute settlement and enforcement framework in Cameroon, by examining the alternative mechanisms that can enhance sustainability in its EI. Bande Gulbert Mbah Tarh "Contour of Investment Dispute Settlement Mechanism: A Crucial Analysis of its Purvie
Bangladesh can learn strategy of fdi from chinaM S Siddiqui
There is no reason why Bangladesh will continue keep these sector restricted for public investment with overseas loan against high interest rate. The relevant government departments are proven to be most corrupt and inefficient. The cost of construction is reportedly highest in the world as revealed by different study and comparison with other countries. These sectors may be opened for FDI following the policy of China.
General rules for international factoringM S Siddiqui
Bangladesh may adapt The General Rules for International Factoring (GRIF) and encourage Factors to join the global factors chain can guide and regulate the contract of factoring service to protect the interest of the factoring service recipients.
MULTINATIONAL CORPORATIONS #5 - Code of Conduct of MNCSundar B N
Meaning of Code of Conduct
According to the Brandit Commission
Code of Conduct drawn up by the commission on TNC’s, set up by the UN’s Economic and Social Council
According to OECD Code of Conduct in 1976
Evaluation of factoring rule of bangladesh bankM S Siddiqui
Bangladesh should consider ratifying UNIDROIT Convention to facilitate the factoring services. Bangladesh may consider having a law on factoring services. BB should clarify the issues related to general rule of factoring, effective communication with edifactoring and arbitration in order to resolve the disputed and smooth transaction of factoring in domestic and international trade.
VIETNAM – BANKING AND FINANCING SUSTAINABLE GROWTH - Issues and Solutions - ...Dr. Oliver Massmann
VIETNAM – BANKING AND FINANCING SUSTAINABLE GROWTH
- Issues and Solutions - Impact of the Key Trade Agreements
CPTPP, EUVNFTA and Investment Protection Agreement
This edition of the Newsletter highlights the converging areas of interest in the BRICS grouping and its contribution in charting a new global landscape.
The Newsletter also covers key happenings from International Trade Centre (ITC), The World Bank (WB), Asian Development Bank (ADB) and United Nations Development Programme (UNDP).
When the global financial crisis broke out in 2008, G20 Leaders committed to resisting protectionism in all its forms at their 2008 Summit in Washington. At their subsequent summits in London, Pittsburgh, Toronto, Seoul, Cannes, Los Cabos, St Petersburg, Brisbane, Antalya and Hangzhou, they
reaffirmed their pledge and called on WTO, OECD, and UNCTAD to monitor and publicly report on their trade and investment policy measures. The present document is the sixteenth report on investment and investment-related measures made in
response to this call. It has been prepared jointly by the OECD and UNCTAD Secretariats and covers investment policy and investment-related measures taken in the five months between 16 May 2016 and 14 October 2016.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
Monitoring Health for the SDGs - Global Health Statistics 2024 - WHOChristina Parmionova
The 2024 World Health Statistics edition reviews more than 50 health-related indicators from the Sustainable Development Goals and WHO’s Thirteenth General Programme of Work. It also highlights the findings from the Global health estimates 2021, notably the impact of the COVID-19 pandemic on life expectancy and healthy life expectancy.
Donate to charity during this holiday seasonSERUDS INDIA
For people who have money and are philanthropic, there are infinite opportunities to gift a needy person or child a Merry Christmas. Even if you are living on a shoestring budget, you will be surprised at how much you can do.
Donate Us
https://serudsindia.org/how-to-donate-to-charity-during-this-holiday-season/
#charityforchildren, #donateforchildren, #donateclothesforchildren, #donatebooksforchildren, #donatetoysforchildren, #sponsorforchildren, #sponsorclothesforchildren, #sponsorbooksforchildren, #sponsortoysforchildren, #seruds, #kurnool
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
PNRR MADRID GREENTECH FOR BROWN NETWORKS NETWORKS MUR_MUSA_TEBALDI.pdf
BRICS Understanding on Investment Facilitation
1. 10th
TMM Joint Communique. Annex 2
BRICS Understanding on Investment Facilitation
BRICS format has proven to be an effective vehicle to renew growth and
relaunch the BRICS countries’ economies. The impact of the health, economic and
multilateral regulatory crisis currently unfolding are yet to be fully evaluated. The
challenges presented by the current complex situation are accompanied by, inter
alia, disruption of the established manufacturing, transportation and distribution
chains and governance order. The close cooperation among BRICS countries
presents an opportunity to mitigate the effects of the crisis and to contribute to
restoration of production cross-border trade and cross-border investments, which in
turn are all important factors for recovery of the global economy.
The BRICS economies will play an important role in the global restoration of
international investment flows, being major exporters of capital and destinations of
inward FDI. Therefore, the instruments aimed at facilitation of investments on
domestic, intra-BRICS and international level can assist.
Recognizing that investment and investment facilitation is an important area of
cooperation in BRICS, Trade Ministers agreed upon the BRICS Trade and
Investment Cooperation Framework in 2013 and on the BRICS Trade and
Investment Facilitation Action Plan in 2014. Having regard to the uncertainties of
current times, BRICS countries will continue their cooperation in the area of
investment facilitation as highlighted in the Strategy for the BRICS Economic
Partnership adopted in 2015.
In 2017, Trade Ministers endorsed the Outlines for BRICS Investment
Facilitation. The Outlines compiled some existing good practices of BRICS
countries to enhance transparency, improve efficiency and promote cooperation.
During the discussions within the Contact Group on Economic and Trade
Issues, participants identified various investment-related barriers faced by BRICS
2. 2
countries’ operators on certain other markets, in particular, but not limited to, the
exchange rate risks and the risks of non-payment; immigration, residency and/or
work permits policies, government procurement policies and poor infrastructure.
The discussions showed that the enhancement of transparency, improvement of
efficiency and promotion of cooperation, as identified in the 2017 Outlines, remain
as areas that BRICS countries need to strengthen.
Promoting Cooperation
Recognizing that the BRICS forum could be used to overcome hindrances to
intra-BRICS investment flows, and take appropriate investment facilitation
measures domestically to address these obstacles, BRICS countries will endeavor to
strengthen their cooperation in investment facilitation areas.
BRICS countries will endeavor to regularly exchange of information and
experiences on their policies aimed at investment facilitation and the practical
implementation thereof as well as the relevant policies and experiences of BRICS
countries’ investors encountered in other markets.
BRICS countries will furthermore endeavor to regularly exchange information
regarding, inter alia, prospective investment opportunities and incentives offered,
including for small and medium enterprises. BRICS countries will exchange the
information specifying sectors of BRICS countries’ economies where FDI is
encouraged, limited or prohibited for investors of BRICS countries.
Such information exchange to the extent practicable will be conducted through
the designated relevant authorities of the BRICS countries: authority vested with
investment facilitation responsibilities, the authority responsible for BRICS CGETI
matters, or specifically designated focal points, e.g. investment one-stop shops for
respective BRICS member states.
Such exchange will be without prejudice to the right of each country not to
disclose confidential information.
3. 3
Enhancing Transparency
BRICS countries recognize that a transparent and predictable legal framework
is one of the key factors for the attainment of increased FDI inflow for sustainable
development as well as the creation of practical benefits for BRICS countries’
investors in other markets.
To that end BRICS countries will endeavor to make publicly available,
preferably by electronic means, relevant laws, regulations and/or policies of general
application that may influence the operation of FDI in their markets; information on
authorities (such as agencies or regulatory bodies) responsible for particular
authorizations; requirements and procedures required by the domestic legal
framework for relevant applicants seeking authorization; and estimated timeframes
normally required to process an application for such decisions. The BRICS countries
recognize that non-discriminatory, non-arbitrary and reasonable administration of
laws, regulations and/or policies of general application affecting the operation of
investors and investments is an important factor for the creation of predictable and
stable investment environment for such investors, whether domestic or foreign.
To the extent possible BRICS countries will also allow for interested
stakeholders to make submissions during the drafting process of investment
legislation as provided in their laws and regulations and to the extent such process
may be made publicly accessible according to such laws and regulations, in
particular through consultations with interested investors and providing an
opportunity for them to submit comments and proposals on draft legal acts.
Improving Efficiency
BRICS countries recognize that predictability for investors’ operation may be
achieved through consistent dialogue between the relevant authorities and the
investors.
BRICS countries will endeavor to keep investors duly informed on matters such
as potential timeframes, relevant fees, and the status of applications where required
by an investor, and in accordance with their laws and regulations.
4. 4
Where possible, the BRICS countries will endeavor to further simplify the
requirements and procedures applied to the investors and their investments, whether
domestic or foreign, without prejudice to the legitimate objectives pursued by
BRICS countries.
BRICS countries recognize the value of electronic means for the dissemination
of official information to facilitate investment, such as legal acts and policies,
including their drafts, opportunities and incentives existing at the target markets,
responding to the requests by the investors, as well as electronic means for
submission of documents required and to obtain necessary authorizations and
decisions by the authorities, when such means do not prejudice the legitimate policy
objectives of the relevant procedures. BRICS countries will endeavor to establish at
national level or where applicable continue with a “one-stop” institution, i.e. a
“single window” approach to such aspects as unified document collection and
procedural streamlining, in accordance with domestic laws and regulations. With
this in mind BRICS countries will continue initiatives such as online portals and
expand the ambit to include investment facilitation information.
Recognizing that facilitating investment is crucial for sustainable development
and inclusive growth, and bearing in mind the UNCTAD’s Global Action Menu for
Investment Facilitation with the view to creation of beneficial environment for
investors operating in the markets of BRICS countries as well as their investors
operating in other markets, BRICS countries endeavor to promote these principles
domestically and internationally and cooperate among themselves where feasible on
investment facilitation. The above-mentioned cooperation is without prejudice to
individual BRICS country’s approaches to international investment-related rule-
making, and for the preserve BRICS country’s policy space and the right to regulate.
The above statement does not represent an international agreement and will be
considered on a voluntary basis. BRICS countries fully retain the right to regulate,
preserve national policy space, and pursue policy making and approaches to
investment in other bilateral, plurilateral and multilateral frameworks and processes
consistent with the applicable international rules that BRICS countries are part of.