A/70/301
to the protection of health and safety, labour rights, the environment or sustainable
development in the preamble.
70. Provisions that aim to more broadly preserve States’ regulatory space and/or
minimize exposure to investment arbitration supplement those sustainable
development features. Provisions include clauses that exclude certain types of assets
from the definition of investment, clarify State obligations under international
investment agreements to narrow the scope of investor challenges, contain
exceptions to transfer-of-funds obligations and more carefully regulate investorState dispute settlement processes. Each of those types of provisions might be
useful mechanisms for protecting the rights of indigenous peoples within the
international investment agreement context.
Constitutional reform
71. There are examples of Latin American countries taking legal steps to protect
themselves and their citizens from the impacts of international investment
agreements. For example, as outlined by the Special Rapporteur on the right of
everyone to the enjoyment of the highest attainable standard of physical and mental
health, Ecuador amended its Constitution to prohibit entry into instruments that
waive its sovereign jurisdiction in the arbitration of disputes with private
individuals or corporations. Ecuador, the Plurinational State of Bolivia and the
Bolivarian Republic of Venezuela have also withdrawn from the Convention on the
Settlement of Disputes between States and Nationals of Other States (see A/69/299,
para. 70).
Multilateral efforts to increase transparency
72. There have been some important multilateral efforts recently to increase
transparency within international free trade and investment regimes. They include
the development and coming into force of the UNCITRAL Rules on Transparency in
Treaty-based Investor-State Arbitration and the adoption of the United Nations
Convention on Transparency in Treaty-based Investor-State Arbitration, which
opened for signature in March of the present year.
VI. Conclusions and recommendations
A.
Conclusions
73. It is clear that international investment and free trade agreements have
significant potential to contribute to violations of the rights of indigenous
peoples. The threat posed by current regimes lies both in their direct impact on
indigenous peoples rights and their contribution to systemic injustices and
imbalances, which tend to disproportionally impact indigenous peoples as some
of the most globally marginalized. For that reason the Special Rapporteur
intends to dedicate ongoing attention to the issue during the fulfilment of the
mandate.
74. The human and indigenous rights implications of international investment
agreements constitute a complex and multifaceted issue that requires sustained
and multilateral attention from United Nations Member States in close
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