The fourth annual OECD Investment Treaty Conference will address treaty shopping — a controversial investment treaty issue of policy interest for what are bilateral investment treaties governments and stakeholders — and explore tools to help interested governments improve their investment treaty policies. Treaty shopping is widespread in the current investment treaty system.
The Conference will discuss methods used, impact, policy issues raised, relevant government treaty policies and other issues. The MLI was developed by an ad hoc group of over 100 countries to address tax treaty shopping and additional issues. A concluding session will consider potential tools for reform based on the discussion and prior work by the Freedom of Investment Roundtable, and future steps. OECD delegates and governmental officials should register directly through their delegation . Others interested in attending should complete this registration request. All participants are responsible for ensuring they hold valid travel documents for France. BITs are agreements establishing the terms and conditions for private investment by nationals and companies of one state in another one.
Intra-EU BITs are agreements that exist between EU Member States. Many of these intra-EU BITs were agreed in the 1990s, before the EU enlargements of 2004, 2007 and 2013. They were mainly struck between existing members of the EU and those who would become the “EU 13”. EU BITs between them to an end. The letters of formal notice, sent today, follow earlier exchanges with the Member States in question. This is not a new issue as the Commission has consistently and over a number of years pointed out to all Member States that intra-EU BITs are incompatible with EU law. Jonathan Hill, EU Commissioner for Financial Services, Financial Stability and Capital Markets Union said: “Intra-EU bilateral investment treaties are outdated and as Italy and Ireland have shown by already terminating their intra-EU BITs, no longer necessary in a single market of 28 Member States.