Development Of The Middle East And Asia

5825 Words Oct 24th, 2015 24 Pages
LIST OF CASES.

DEVELOPMENTS IN AFRICA, MIDDLE EAST AND ASIA.
Many of the states were early signatories to BITs, agreements prepared by capital exporting states. In the early 1980s, the Asian-African Legal Consultative Organization (AALCO) which was formed in 1956, published three draft BITs, which provided different models of investment liberalization and protection.(41) In 1980, the United treaties Agreement for the Investment of Arab Capital was signed in the Arab States creating an Arab Investment Court and its first decision was given in the case of Tanmiah v. Tunisia, 12 October 2004. In addition, the European Economic Community (EEC) and some African, Caribbean and Pacific (ACP) states concluded the Lom? III and Lom? IV Conventions, both of which had sections addressing investment.(42) In 2007, the Common Market for Eastern and Southern Africa (COMESA) embraced an Investment Agreement for the COMESA Common Investment Area. (43) In 1987, the Association of South East Asian Nations (ASEAN) created the Agreement for the Promotion and Protection of Investments (ASEAN Investment Agreement) applicable to ASEAN investors. The ASEAN Investment Agreement was considered in Yaung Chi Oo Trading Pte. Ltd. v. Myanmar. The ASEAN Investment Agreement was amended by the Jakarta Protocol in 1996. In 1998, the Framework Agreement on the ASEAN Investment Area (Framework Agreement) was concluded.

NORTH AMERICAN FREE TRADE AGREEMENT.
A significant development in the 1990s was the…
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