Is investment facilitation a substitute or supplement? A comparative analysis of China and Brazil practices

Investment facilitation, which tackles ground-level obstacles to FDI and has no substantial challenges regulatory space, is emerging as a new trend of global governance. Meanwhile, the content method implement investment facilitation are still evolving. Both top destinations largest countries in South America Asia respectively, Brazil China have adopted somewhat different approaches towards facilitation. Due traditional resistance BITs network, Brazilian developed model treaty, i.e., Cooperation Facilitation Agreement (CIFA). CFIAs primarily focus on through institutional cooperation, but scope degree protection quite insufficient. China’s regime inclusive, it practitioner well proponent IIAs with balanced ISDS mechanism. On one hand, while liberalization system essential part good business environment, don’t necessarily lead friendly environment attract inflows. In this regard, policy complementary existing international regime. It suggest that draws some experiences from terms governance establishing similar effective dispute prevention system. other access justice important foreign investors, can’t act total substitute worldwide. Considering investors’ increasing outbound growing needs protection, suggested open liberal policies worth learning for Brazil.