What are the implications of the MAI for national sovereignty?
The MAI is being drafted to be fully consistent with the sovereign responsibility of governments to conduct domestic policies. The MAI will establish mutually beneficial international rules which would not inhibit the normal non-discriminatory exercise of regulatory powers by governments at all levels and such exercise of regulatory power would not amount to expropriation. Furthermore, it should be clear that the MAI will in on way immunise foreign investors from domestic laws. It will not remove the authority of domestic courts, tribunals and regulatory authorities over foreign investors and their enterprises. Country-specific exceptions can be lodged to protect important interests that contracting parties would feel threatened by particular MAI provisions. 5. How will the MAI address specifically labour and environmental concerns? The MAI is consistent with policies on labour standards and environmental protection and preservation. There is an increased convergence of views in the ne
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