On the draft Council decision on the conclusion, on behalf of the European Union, of the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration
INTA-PR-765122
Committee on International Trade · Rapporteur: Anna Cavazzini
Written by a language model from the full text only; every figure comes from the text. The paragraph links open the paragraph a statement rests on — check the text itself before relying on it.
The draft report recommends that Parliament consent to the EU concluding the UN Mauritius Convention on Transparency in Treaty-based Investor-State Arbitration, which increases public access to documents and hearings in investor-state disputes.¶¶ It explains that the Convention applies the UNCITRAL Transparency Rules to investment treaties concluded before 1 April 2014, requiring public documents, open hearings, and civil society submissions.¶ Ratification is seen as a first step towards broader reform, including a Multilateral Investment Court, and its method should be replicated in other contexts.¶
Committee position. The rapporteur recommends that Parliament give its consent to the conclusion of the agreement.¶
Key points
- Parliament gives its consent to the conclusion of the agreement.¶
- The Convention marks a step towards greater public access to documents and hearings, and inclusion of civil society in investor-state disputes.¶
- Under common arbitration rules, disputes can remain hidden from public view; one party can demand secrecy even when cases target democratically decided measures and lead to large awards.¶
- The Convention facilitates application of UNCITRAL Transparency Rules to investment treaties concluded before 1 April 2014, requiring public documents, open hearings, and submissions by interested parties.¶
- The Convention retroactively applies to older treaties without renegotiation, covering approximately 1,200 agreements involving EU Member States; the Energy Charter Treaty is the only treaty covered at EU level.¶¶
- Ratifying the Convention is a first step in broader reform towards a Multilateral Investment Court; its method should be replicated, for instance in OECD work to align investment treaties with Paris Agreement climate goals.¶
Who is affected
- Investors and states involved in disputes under investment treaties concluded before 2014 will face increased transparency requirements.¶
- Civil society organisations may make submissions to tribunals in such disputes.
Figures and deadlines
Legal basis: Article 207(4) first subparagraph and Article 218(6) second subparagraph, point (a) of the Treaty on the Functioning of the European Union¶