After years of efforts by WTO members,advocated and boosted by China,it has finally achieved a historic breakthrough.Investment Facilitation for Development Agreement in the non-trade field has emerged.This not only indicates the international investment law has focus from investment freedom,investment promotion,investment protection,and other traditional areas,to investment facilitation this new issues,investment facilitation is becoming a new trend of global governance,also marks the China in the multilateral mechanism to try to set issues,promote issues,provide public goods to resist any decoupling chain breaking breakthrough.In this context,the bilateral investment treaty signed by China as the extension of foreign investment treaty has formed an upgraded driving mechanism,which should form synergy in transparency,simplified procedures,investment dispute prevention mechanism and other aspects.At the same time,domestic legislation,as an important carrier of the implementation mechanism,should pay more attention to the reform of simplifying domestic administrative procedures,accelerate the innovation of e-government,and form"two wings of a bird and two wheels of a car"with the bilateral investment treaty.As a pilot zone for reform and opening up and a pilot field for institutional innovation,Hainan has created a"single window"for international investment,hoping to take the first trial and"spark"with local legislation,so as to form a"prairie fire"for the facilitation of local investment.
investment facilitationinvestment facilitation for development agreementthe legislation of foreign investment
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