The new standards on environmental protection and international investment promotion introduced by the AfCFTA Investment Protocol and their embodiment in the USMCA, CPTPP, Pacific Alliance and MERCOSUR Protocol on Investment
Resumo
This article analyses the standards of environmental protection and their reconciliation with the standards for promoting foreign investment contained in the Investment Protocol of the African Continental Free Trade Area of 2023, as well as the investment chapters or protocols of some of the most significant regional trade and investment agreements formed by Latin American countries: the Treaty between Mexico, the United States, and Canada (USMCA), the Pacific Alliance (PA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the Protocol for Cooperation and Facilitation of Intra-MERCOSUR Investments. This study aims to highlight the significant innovations proposed from the African continent regarding the strengthening of the sovereign power of member states to establish regulatory measures in the interest of the public, particularly in environmental protection. It also aims to compare these innovations with the regional investment agreements of Latin America, identifying successes, gaps, and common challenges for the future.
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