The Investment Version of the Asian Noodle Bowl: The Proliferation of International Investment Agreements

Publication | April 2014

This paper aims to provide a detailed reading of recent advances in Asian investment rule-making and a finer appreciation of how rules in Asian IIAs have evolved in response to stimuli.

While existing studies mainly deal with the interpretation and application of the IIAs in which the rules are given, this study deals in turn with the development of rules, including investment protection. The main objective of the paper is to describe and provide an exhaustive mapping of the recent Asian experiences in investment rule-making through regional and bilateral agreements, providing a detailed analytical account of key dimensions of investment treaties. This comprehensive study offers insights on the possible make-up of future attempts at embedding comprehensive investment norms into the regional (such as the Trans-Pacific Partnership) and/or WTO architecture.


  • Abstract
  • Introduction
  • Proliferation of IIAs in Asia: Salient Characteristics
  • Quantitative and Qualitative Analysis of Asian IIAs
  • Asian Noodle Bowl of IIAs: Investment and Trade Compared
  • The Recent Phenomena: The Rise of Plurilateral Agreements with Wider Scope
  • Conclusion
  • References
  • Annexes

Additional Details

  • Regional cooperation and integration
  • WPS146444

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