Saren Abgaryan
vol. VIII(2)
Pages 4-20
Abstract: The Belt and Road Initiative (BRI) was announced by Chinese
President Xi in September 2013, with the goal of creating robust
continental and maritime trade and investment infrastructure connecting
Eastern Asia to Western Europe. Armenia is considered one of the
countries situated directly on the roadmap of BRI, which introduces an
opportunity to deepen Armenia-China investment relations, attracting
Chinese capital for infrastructure and greenfield investments in Armenia.
The Armenia-China bilateral investment treaty (BIT) signed in 1992 will
govern the private and public investment initiatives between Armenia and
China, and there is a growing need to re-examine the protection standards
contained in the BIT with the objective of renegotiating and updating the
treaty. Armenia-China BIT contains substantive and procedural protection
standards for foreign investors that are considerably outdated. In order to
facilitate and promote investment relations between Armenia and China,
the parties need to draw particular attention to this fundamental document
which lays out a framework of protection for investments between the
countries.
Keywords: Belt and Road Initiative; Armenia; China; Bilateral
Investment Treaty; Investment protection.
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