China-Africa investment agreement: do they work? Lorenzo Cotula, Xiaoxue Weng, Qianru Ma, Peng Ren (2016), Research report International investment agreements (“IIAs”) offer enforceable protection to foreign investors to stimulate investment flows and thus sustainable development. However, given that understanding both the effectiveness of these agreements and the impact of investment and investment governance on sustainable development has evolved, it is not clear whether the AI currently being developed is appropriate for this purpose. This article examines the alignment of AI with the 2030 sustainable development agenda. She develops this ordeal in three ways. First, it proposes that A.I. be designed and evaluated in terms of their ability to promote investments that promote sustainable development goals and that they retain the benefits of investments that undermine those goals. Second, it takes into account the impact of AA on policy decision-making processes and the regulatory space and warns that the current provisions of AI protect the interests of investors over those of other stakeholders and limit the ability of states to regulate investments in accordance with the public interest. Finally, it suggests that international agreements could and should do more to address gaps in transnational governance, downward regulatory races and global general interest issues, in which international investment management commitments could advance development outcomes. While reaffirming the importance of foreign direct investment and international investment policies for achieving the 2030 sustainable development agenda, the authors argue that there is a need to reform existing agreements wisely and to reorganise future treaties in order to align with sustainable development goals. Growing fears that pressure from human activities on the world`s ecosystems could take a turn have led to significant advances in international environmental diplomacy, including the Paris Agreement. In other words, global economic governance provides room for manoeuvre for states, influences how the costs of reorienting models of unsustainable development are shared between businesses and states, and ultimately has an impact on the balance of public and commercial interests in global society.
A rapidly developing international political environment has created openness to reform of the international investment regime. Many states have revised their investment contract policies. The 2015 Action Plan, which underpins the SDGs, recognizes the role private investment played in strategies to achieve the goals. This raises questions about the establishment of an international legal framework to promote the right type of investment in response to the local development agenda and to ensure that business activities are aligned with and contribute to their achievement.