Oxford: Hart Publishing, 2014. Pp. 318. £65.00. ISBN: 9781849465427. When, on 1 December 2009, the Treaty of Lisbon entered into force, Article 207 of the Treaty on the Functioning of the European Union (TFEU) expanded the EU’s Common Commercial Policy (CCP) to include foreign direct investment (FDI). Only a few specialists in international investment law took note. Five years later, the EU still has not exercised its newly gained competence such that an investment treaty with a third State would be in force. Yet it is difficult, if not impossible, to think of any well-informed newspaper or even tabloid that has not, in one way or another, run an article that can be traced back to Article 207 TFEU. What happened? The EU, or more precisely the European Commission mandated by the European Council and the European Parliament, started negotiating trade agreements, including investment chapters, with numerous third States. The one with Canada (the Comprehensive Economic Trade Agreement or CETA) and the one with the United States (the Transatlantic Trade and Investment Partnership or TTIP) are two prominent examples. What one might have thought to be an unlikely candidate to capture the attention of many politicians in the
Journal of World Investment and Trade – Brill
Published: May 12, 2015
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