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Abstract

This paper attempts to canvas the issues which may arise if investment is eventually included for negotiation in the WTO, with particular reference to the challenges previously faced by the MAI and the factors which contributed to its downfall. Part 2 explores the current consensus with regard to international investment principles and outlines those investment protection, liberalization and dispute resolution standards which are commonly contained in bilateral investment treaties. Part 3 briefly deals with the attempt to consolidate this consensus within the MAI, and the reasons for its subsequent demise. Parts 4 and 5 then focus upon the potential inclusion of investment within the WTO.

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