Working Group on the Relationship between Trade and Investment - Communication from Korea - Investment Protection: Expropriation and Compensation
- WTO Secretariat
- 2005/08/24
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World Trade
Organization WT/WGTI/W/91
11 October 2000 (00-4167) Working Group on the Relationship
between Trade and Investment Original: English
COMMUNICATION FROM KOREA
The following communication, dated 10 October 2000, has been received from the Permanent Mission of the Republic of Korea.
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Investment Protection: Expropriation and Compensation
Introduction
A comprehensive international investment agreement has two pillars, investment liberalization and investment protection, which are supported by dispute resolution procedures. Investment protection is generally provided by three core clauses covering expropriation and compensation, transfer, and protection from strife. The clause on expropriation and compensation is the most traditional core provision in the history of international investment agreements. The purpose of overall investment protection clauses is to protect the property ownership of the foreign investors, whil