Los capítulos de inversiones en la Alianza del Pacífico, el CPTPP y el T-MEC: convergencia sustantiva, divergencia procesal

This article compares the investment chapters of the Additional Protocol to the Framework Agreement of the Pacific Alliance (PA-AP), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the United States-Mexico-Canada Agreement (USMCA). Our objective is to determine...

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Bibliographic Details
Main Authors: Toro Fernandez, Juan-Felipe, Tijmes IHL, Jaime
Format: Article
Language:Spanish
Published: 2021
Subjects:
Alianza del Pacífico (AP)
Tratado Integral y Progresivo de Asociación Transpacífico (CPTPP
CPTPPA
TPP-11
TPP11
TPP
TPPA)
Tratado entre México
Estados Unidos y Canadá (T-MEC)
tratado de libre comercio (TLC)
acuerdo internacional de inversión
solución de controversias entre inversionistas y Estados (SCIE)
Online Access:https://dialnet.unirioja.es/servlet/oaiart?codigo=7961690
Source:Derecho PUCP: Revista de la Facultad de Derecho, ISSN 2305-2546, Nº. 86, 2021 (Ejemplar dedicado a: Derecho Internacional Económico: Temas actuales en comercio, inversión y derecho transnacional), pags. 145-179
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Los capítulos de inversiones en la Alianza del Pacífico, el CPTPP y el T-MEC: convergencia sustantiva, divergencia procesal
Summary: This article compares the investment chapters of the Additional Protocol to the Framework Agreement of the Pacific Alliance (PA-AP), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the United States-Mexico-Canada Agreement (USMCA). Our objective is to determine their degree of normative convergence. We conclude that these investment chapters include very similar substantive rules and principles on international investments in terms of definitions, the rules’ scope of application, treatment standards (national treatment and most favored nation treatment), absolute standards (international minimum standard of treatment, fair and equitable treatment, and full protection and security), investment protection rules (direct and indirect expropriation, compensation, and transfers), and performance requirements. We also conclude that these investment chapters differ, in some respects very strongly, regarding investor-State dispute settlement (ISDS). First, TPP and USMCA rules are often similar and frequently diverge from PA-AP rules. Second, party coverage and protection coverage diverge strongly between the USMCA vis-a-vis the PA-AP and CPTPP. Thus, as a consequence of substantive convergence and strong procedural divergence, we argue that complainants will most likely choose the forum between the PA-AP, CPTPP and USMCA according to procedural reasons.

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