In March 2014 the European Commission received the negotiation mandate from the EU member States to start negotiating an Investment treaty with Myanmar. But what do BITS mean in practice? Is it in the best interest of the Myanmar public?
China and the EU are preparing to launch negotiations for a bilateral investment agreement at the next EU-China Summit this November. The proposed agreement would replace existing bilateral investment treaties between EU member states and China. This is the moment to develop a more balanced international investment framework that would protect the sovereign power of both parties.