Investment Disputes Settlement in BRICS: Prospects for a New Arbitration Institute

Investment Disputes Settlement in BRICS: Prospects for a New Arbitration Institute

04 Jun, 10:00–11:15

BRICS has been around for more than 14 years. For the member states it became more than just an international organization uniting commercial interests: it is a full-fledged competitive union. The BRICS member countries, since the organization's inception, have built their economic and political systems primarily to flexibly integrate into the world economy and acquire the status of fast-growing economies. Today, in the BRICS countries GDP growth in total economic volume is higher than that in the global economy. In the current macroeconomic perspective, China and India undoubtedly have all the prerequisites for becoming the world's dominant suppliers of industrial goods and services, while Brazil and Russia can emerge as world leaders in the export of raw materials. The established relations of transparent cooperation within BRICS require the participation of an independent mediator, both financially and politically, in resolving emerging and potential disagreements.










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