Talk:Bilateral Investment Treaty

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[edit] Fair use rationale for Image:Pyat rublei 1997.jpg

Image:Pyat rublei 1997.jpg is being used on this article. I notice the image page specifies that the image is being used under fair use but there is no explanation or rationale as to why its use in this Wikipedia article constitutes fair use. In addition to the boilerplate fair use template, you must also write out on the image description page a specific explanation or rationale for why using this image in each article is consistent with fair use.

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BetacommandBot 11:22, 6 July 2007 (UTC)

[edit] US BITs only

Why is it demmed appropriate to have US BITs only? Surely we have all BITs for all nations (available at http://www.worldbank.org/icsid/treaties/i-1.htm) or no listing of BITs. Why single out the US? I thought I would post this as a comment before whole heartedly re-writing the page. - --202.4.78.29 05:50, 1 November 2007 (UTC)

[edit] University Project

Hi my name is Greg Svishchov and I am a student at the University of Toronto. For one of my courses (Latin American History) my final project consists of contributing to existing Wikipedia entries. My research on the topic of the Panama-U.S. Bilateral Investment Treaty has been posted on this page. Please be so kind as to not delete this until after the New Year, once my professor has had a chance to grade my work.

I have pasted the following text on this page under the Bilateral Investemnt Treaty section:

The Bilateral Investment Treaty (BIT) between the governments of the United States and Panama was signed on October 27, 1982. It was the second BIT ever to be signed by the U.S., with the Egypt treaty resolved only a month prior. The 1982 Treaty protects U.S. investment and assists Panama in its efforts to develop its economy by creating conditions more favorable for U.S. private investment and thereby strengthening the development of its private sector.

Here are some of the Treaty’s key areas:

TREATMENT OF INVESTMENTS.

The nations are to maintain favorable investment conditions for each other. Each country shall treat the other’s investments as if they were made by their own nationals or companies. Each country is allowed to have exceptions to this treaty which are listed in the Annex section. These exceptions may arise from laws or regulations which are enforced in either of the countries, and they must be disclosed before the BIT is signed. The investment of nationals and companies will receive fair and equitable treatment under protection and security of that country. The protection and treatment of the investments will fall under national and international law. Neither country will impose conditions of performance requirements which specify that goods or services must be purchased only in that country.

COMPENSATION FOR EXPROPRIATION.

It is said that no investemnt should be expropriated or nationalized by the government unless this is done for a public purpose, is not discriminatory, done under due process of law, and offers proper compensation, equivalent to the fair market value of that investment. In the event that a national or a company of one of the countries suffers a loss in its investment in the territory of the other country because of war or other type of armed conflict, it shall not be treated less favorably, with regard to restitution or other payments for such loss, than nationals or companies of such other country.

TRANSFERS.

This guarantees the rights of an ivestor to conduct all transfers related to the investment, in and out of the country without delay. Such rights include: returns, compensations, contract payments, management expenses, dispute payments, license royalties, proceeds from liquidation and sale, etc.

INVESTMENT DISPUTE SETTLEMENT.

This part of the treaty provides ways of settling investment disputes between a foreign investor and a government. The treaty suggests initial efforts to be through negotiation and consultation but if this fails then the dispute would be settled through procedures upon which the foreign investor and the government agreed.

Please do not delete this. Thank you kindly.

Greg

Link given to archive version on User's talk page. --TeaDrinker 03:10, 1 December 2007 (UTC)