A Study on the Challenges and Legal Issues arising from Chinese investment in Bangladesh Natural Resources and Infrastructure
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DOI:
https://doi.org/10.46291/cenraps.v5i2.100Keywords:
Natural resource; Infrastructure; International Investment Agreements (IIAs); Bilateral Investment Treaty (BIT);Abstract
This study focuses on the challenges and legal issues surrounding Chinese investment in Bangladesh's natural resources and infrastructure. It looks at the impact of Chinese investment on the country's resources and infrastructure, including any legal and regulatory issues that may arise. The study may examine how Bangladesh's laws and regulations protect the country's natural resources and infrastructure from foreign investment, and whether these laws are adequate to ensure that the country's resources are being used sustainable and in a manner that benefits the local communities. Additionally, the study may look at the role of international law and international organizations in mediating disputes between Bangladesh and Chinese investors. I have mentioned foreign investments in natural resources of Bangladesh e.g. natural gas, petroleum oil, coal and water resources. Until now, China only invests in a couple of sectors relating to natural resources. These investments are infrastructure projects e.g. power generation, construction, port establishment, agro-processed product, electrical and electronics, light engineering, roads, railways, power plants, and water treatment facilities, etc.
This is a second generation Chinese BIT that incorporated general Characteristics of BITs of that era. Under this BIT, Regarding the dispute of expropriation, an ad hoc arbitral tribunal can be formed which would determine its own procedure, but the first negotiation shall take place between the parties to solve the dispute. Under these agreements, the disputes shall be settled by applying generally recognized principles of international law accepted by the parties.
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