October 15, 2014
(Updated on October 21, 2014)
Mukhisa Kituyi, Secretary General of the UN Conference on Trade and
Member States of UNCTAD
We the undersigned civil society organizations, representing constituencies from various regions of the world, write in concern about the implications of investment protection treaties on the prospects for sustainable development in our countries and regions.
Experience of both developing and developed countries has shown that the international investment protection regime, codified in a growing number of bilateral investment treaties (BITS) and investment chapters in free trade agreements, creates major impediments to sustainable development and the role of the state in protecting the public interest.