Thirty years of MERCOSUR: paths travelled and a roadmap for investor- State dispute settlement

Authors

  • Magdalena Bas

Keywords:

MERCOSUR, investor-state dispute settlement, Cooperation and Facilitation Investment Protocol, policy space

Abstract

During the thirty years of MERCOSUR, the bloc and its members have gone through different stages in relation to investor-State dispute settlement regime, from fragmentation to the construction of regional regulations. The current legitimacy crisis of the regime is challenged by the covid-19 syndemic, with criticisms and actions originating from both the Global South and the Global North. Considering the above, this piece aims to answer the following guiding questions: 1) What is the situation map of MERCOSUR members regarding the investor-State dispute settlement regime?; 2) What path of regional construction has the bloc travelled? Is the Investment Cooperation and Facilitation Protocol a turning point?; 3) What options should a new roadmap include in times of covid-19 syndemic?

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Published

2021-12-01