The importance of reforming the stock of old-generation treaties becomes particularly apparent in times of crisis. The Accelerator responds to the need for change of substantive aspects of the IIA regime by focusing on a selection of reform-oriented formulations for eight key IIA clauses (including fair and equitable treatment, and indirect expropriation provisions). It is a tool for coordination, focused discussion and consensus-building on joint reform actions between multiple countries, which can be used for joint interpretation, amendment or replacement of old treaty provisions.
UNCTAD, in collaboration with the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ), organized a virtual workshop on Accelerating IIA Reform for Sustainable Development for the Western Balkan economies. The event highlighted the latest developments in IIA rulemaking and pointed towards ways forward in ensuring that IIAs are aligned with the SDGs.
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