Africa as an investment rule-maker: Decrypting the Pan-African Investment Code

• Main Authors: MBENGUE, Makane Moise, SCHACHERER, Stefanie
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2018
• Subjects: international trade; international law; foreign investment; Africa; African Studies; Comparative and Foreign Law; International Trade Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/3948; https://search.library.smu.edu.sg/discovery/fulldisplay?docid=cdi_scopus_primary_2_s2_0_85146208767&context=PC&vid=65SMU_INST:SMU_NUI&lang=en&search_scope=Everything&adaptor=Primo%20Central&tab=Everything&query=any,contains,Africa%20as%20an%20investment%20rule-maker:%20Decrypting%20the%20Pan-African%20Investment%20Code&offset=0
• Institution: Singapore Management University

The Pan-African Investment Code (PAIC) is a legal instrument - shaped in the form of a model investment treaty - which has been drafted from the perspective of developing countries and least-developed countries focusing on sustainable development goals. It contains a number of Africa-specific and innovative features, which presumably makes it today a unique legal instrument. The PAIC presents an African consensus on the shaping of international investment law and has, since its adoption, influenced subsequent African investmentlaw making. Moreover, the PAIC is serving as the main basis for the negotiations on the Investment Protocol to the Agreement establishing the African Continental Free Trade Area (AfCFTA). This article seeks to present and contextualize the PAIC by taking a comparative international law approach.