ABSTRACT
This chapter analyses and compares the major models and proposals as well as their implications for future global IIA-making. IIAs are concluded primarily for investment protection and promotion. The IISD issued the Model International Investment Agreement for the Promotion of Sustainable Development (IISD Model IIA) in 2004 to serve as a template for states in IIA-making. The United Nations Conference on Trade and Development (UNCTAD) stands in the forefront of promoting sustainable development, especially from a developing country perspective. In 2012, the South African Development Community (SADC) proposed its model BIT. A major purpose of this BIT is to promote sustainable development of the SADC through foreign investment governance. In August 2012, the Commonwealth Secretariat published its IIA-making guide, mainly for the developing state members of the Commonwealth. In 2014, the OECD published a report entitled Investment Treaty Law, Sustainable Development and Responsible Business Conduct: A Fact Finding Survey.
