Belgium's Model Bilateral Investment Treaty: A Review
The paper gives a background on the International Investment Agreements (IIAs) , notably on Bilateral Investment Treaties (BITs) and their development since 1959 when the first IIA was concluded.
It presents an overview of the Belgian BITs and their specifics, and examines the scope of the Belgian Model BIT. A particular focus is placed on topics such as host country, home state and investor obligations, and on the provisions specifically addressing the environment, labour, and sustainable development. The paper contains a set of recommendations to help address the limitations of the current Belgian Model BIT.