雙邊投資協定與多邊投資規則構建的互動研究

Research on the Interaction between Bilateral Investment Treaties and the Construction of Multilateral Investment Regulations

目前，雙邊投資協定是國際投資規則的主要表現形式。但是，相比於雙邊投資協定來說，多邊投資規則更符合世界經濟的發展趨勢和世界各國的共同利益。多邊投資規則是未來國際投資規則的發展方向，雙邊投資協定只是多邊投資規則進程中的一個階段。歷史上，多邊投資規則的談判儘管屢次受挫，但其談判內容為雙邊投資協定的發展提供了重要的指導。如今，雙邊投資協定從內容的趨同化、最惠國待遇條款、投資仲裁法律解釋實踐等方面又為多邊投資規則的構建提供了堅實的基礎。雙邊投資協定與多邊投資規則的互動關係不是衝突關係，而是一種相互協調、相互促進的良性發展關係。“一帶一路”國際投資規則的構建不應僅局限於“一帶一路”沿線地區，更應該為未來的多邊投資規則構建提出中國方案。

At present, BITs are the main forms of the international investment regulations. However, with the changes of the investment situation of different countries, the developed countries start to care about the public interests and the developing countries begin to think about the investment protection. This is the reason of BITs tend to be consistent from guiding principles to clause. Multilateral investment regulations are more competitive and more aligned with the economic development tendency and the common interests of the world. Multilateral investment regulations are the future direction of the international investment law and BITs are just one of the development phases of the multilateral investment regulations. In history, the negotiations on the multilateral investment regulations have been frustrated many 廿mes, but the content of the negations guided the development of the BITs. Nowadays the convergence of the BITs from the content, most favored treatment clause and the practice of the investment arbitration to afford solid foundation for the construction of the multilateral investment regulations. The interaction between the BITs and the multilateral investment regulations is not conflict but mutual coordinate and mutual improve. The construction of the international investment regulations of the Belt and Road should not only be confined to the counties and regions along the Belt and Road but propose the Chinese proposal for the future ^multilateral investment regulations construction.