FDI Perspective No. 216: “IIA provisions, properly interpreted, are fully consistent with a robust regulatory state,” by Kenneth J. Vandevelde

The provisions of contemporary international investment agreements trace their origins to the U.S. postwar friendship, commerce and navigation treaties, which were rooted in the liberalism of Franklin Roosevelt’s New Deal. Their negotiating history demonstrates that the original understanding of these provisions is wholly consistent with a robust regulatory state.

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