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International Investment Law

Framework Convention on Investment and Sustainable Development

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CCSI, together with colleagues at Georgetown Law, suggested the development of a Framework Convention on Investment and Sustainable Development as one way of ensuring that past and future treaties comply with CCSI's three-part framework on the SDG-alignment of international investment agreements.

Within the discussions at the United Nations Commission on International Trade Law, countries are working toward the creation of a multilateral instrument that could be crafted so as to reform investor-state dispute settlement (ISDS). Recognizing that initiative, and broader support for reform of international investment law, this paper proposes the creation of a Framework Convention on Investment and Sustainable Development (the “Framework Convention”). The Framework Convention would provide States a practical, efficient, and flexible mechanism to move beyond the current investor-protection centered system, and to allow countries and other stakeholders to address the challenges and advance the objectives of sustainable development by developing and implementing new approaches to the support and regulation of transnational investment.

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