The EU-Myanmar Investment Protection Agreement
On the occasion of the visit of the president of Myanmar U Thein Sein in Brussels on 5 March 2013, the EU and Myanmar agreed to "explore the feasibility of an investment agreement". One year later, on 20 March 2014, the negotiations for the EU-Myanmar Investment Protection Agreement were officially launched. The first round of negotiations took place on 9-12 February 2015 in Yangon, the second round on 25-29 May in Yangon, and the third round on 21-23 September 2015 also in Yangon.
The aim is to conclude a standalone investment protection agreement which would:
· provide certain guarantees regarding the treatment of EU investors in Myanmar and of Myanmar investors in the EU;
· ensure that these investors are not discriminated against;
· allow the enforcement of the protection provisions through access fo investors to investment dispute settlement;
· support sustainable development by encouraging responsbile investment and promoting environmental protection and core labour standards;
· promote transparency;
and ultimately increase bilateral investment flows between the EU and Myanmar.