Patrick Grady – 2016 Parliamentary Question to the Department for International Development
The below Parliamentary question was asked by Patrick Grady on 2016-06-15.
To ask the Secretary of State for International Development, what assessment her Department has made of the effect of bilateral investment treaties between the UK and developing countries on the ability of (a) infant industries and (b) small and medium-sized enterprises in such countries to contribute to poverty reduction.
Sir Desmond Swayne
Bilateral Investment Treaties (BITs) commit both Governments to provide a reciprocal standard of treatment towards each other’s investors, including: protection and security against discriminatory action, fair and equitable treatment and a commitment not to expropriate without compensation. The content of BITs do not place specific obligations on or provide support to domestic companies, including infant industries and SMEs, aimed at delivering wider policy objectives.
Since 2012, through the Investment and Sustainable Development Programme, DFID has provided technical and legal assistance to 24 developing countries to develop and negotiate international investment agreements (including BITs) that best reflect their own interests.
