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WARSAW CONFERENCE: “SMALL STEPS FORWARD WHILE AWAITING MAJOR DECISIONS AT THE 2015 PARIS CONFERENCE”
The Warsaw Conference (COP 19) achieved several technical milestones but failed to secure ambitious new mitigation commitments or a clear financial roadmap. Key outcomes included the creation of the Warsaw International Mechanism for loss and damage and the Warsaw Framework for REDD+, alongside a draft for a universal agreement to be finalized in Paris. However, the event was marked by reduced mitigation goals from Japan and the removal of carbon taxes in Australia, highlighting a persistent divide between developed and developing nations over the priority of funding versus emission cuts.
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Document type: Policy brief
Registration and Approval Requirements in Investment Treaties
The report examines how States use registration and approval requirements in investment treaties to control which investments are eligible for protection and international arbitration. It analyzes treaty practices in Southeast Asia and Africa, reviews key arbitral awards, and provides drafting recommendations to ensure these requirements are legally effective and not dismissed as mere formalities.
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Document type: Report
Les critères d’enregistrement et d’approbation dans les traités d’investissement
The guide examines how states use 'registration' or 'approval' requirements in investment treaties to restrict which investments are eligible for protection and arbitration. It analyzes treaty examples from ASEAN and COMESA, as well as arbitral awards (Yaung Chi Oo, Gruslin, and Desert Line), to demonstrate that while these criteria are legitimate strategic tools for quality control, their effectiveness depends on precise drafting and clear procedural frameworks. The document recommends that states explicitly state these requirements as indispensable conditions and provide transparent, detailed procedures for compliance.
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Document type: Guide
Services Trade Liberalization and Food Security: Exploring the links in the Association of Southeast Asian Nations (ASEAN)
The document explores the nexus between services trade liberalization and food security in ASEAN, focusing specifically on financial and logistics services. It argues that while liberalization alone is insufficient to overcome structural barriers—such as the reluctance of banks to lend to smallholder farmers or poor infrastructure in least-developed member states—strategic reforms in these sectors could reduce food costs, improve supply chain efficiency, and enhance rural financial access. The authors highlight a correlation between poor logistics infrastructure and high food insecurity in countries like Indonesia, Cambodia, and the Philippines, and suggest that food security should be more prominently integrated into regional logistics and financial policy debates.
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Document type: Research paper
The Proliferation of Global Value Chains: Trade policy considerations for Indonesia
The report examines how Indonesia can optimize its role in global value chains (GVCs) to move toward higher value-adding activities. It identifies key internal governance factors, such as market diversification and standards compliance, and external factors, including labour market stability, connectivity, and contract enforceability. The author argues that GVC participation does not automatically lead to economic or social upgrading and requires a coherent strategy involving R&D, innovation systems, and the reduction of regulatory inconsistencies to ensure sustainable growth.
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Document type: Report
Global Economic Governance from the Perspective of a ‘Small State’: The Case of Switzerland
The document examines how Switzerland, as a 'small state', employs economic diplomacy and inter-ministerial coordination to influence global economic governance. It focuses on Switzerland's relationship with the G-20, the UN, and various international organisations (IOs) to protect its financial centre. The paper details the use of Regulatory Impact Analysis (RIA) and the Inter-Departmental Working Group G-20 (IDAG20) to align domestic policy with international standards while maintaining competitiveness in banking and taxation.
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Document type: Research paper
Big Green Gaps: Our inability to tackle the messy issues at the interface of trade, development and the green economy
The document addresses the tension between the pursuit of a green economy and the existing international trade system. It argues that while Rio+20 provided general guidance, it failed to establish what constitutes 'appropriate state behaviour' regarding green industrial policies, such as subsidies and local content requirements. The author highlights a rise in trade frictions—including disputes between the U.S., China, and the EU over solar and wind technology—and asserts that the WTO's Dispute Settlement Mechanism is ill-suited to resolve these issues because they stem from a lack of international consensus on policy propriety rather than simple rule breaches. The text advocates for the creation of an institutional space, such as through UNCTAD, to evaluate the effectiveness of green tools and their impacts on trading partners, particularly developing nations, to ensure a just transition.
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Document type: Statement
Rethinking Investment Incentives
The document examines the role of fiscal incentives in attracting foreign direct investment (FDI), arguing that tax exemptions cannot compensate for a weak investment climate. It critiques the use of blanket tax holidays, which can lead to tax avoidance and minimal domestic economic embedding. Instead, the author proposes a framework of 'timely, targeted and temporary' incentives, advocating for performance-based measures such as tax credits, accelerated depreciation, and green bonds. The paper suggests that governments should gradually move toward a uniform low corporate tax rate to create a level playing field for domestic and foreign investors while ensuring that incentives are administered through transparent tax codes rather than discretionary sector ministries.
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Document type: Research paper
Diagnostic Research Report on Corruption, Non-Compliance and Weak Organisations
The report argues that corruption in South Africa is deeply linked to a general culture of non-compliance with administrative processes and organizational instability. It highlights a significant gap between legal definitions of corruption and the 'situational logic' of public servants, who may justify illegal acts based on perceived institutional unfairness or political imperatives. The analysis identifies supply chain management (SCM) as a primary area of vulnerability, noting that irregular expenditure has risen sharply, particularly at the local government level. The report concludes that effective anti-corruption strategies must shift from a narrow focus on policing and individual moral failure toward a broader emphasis on organizational development, the design of efficient administrative systems, and the perceived impartiality of enforcement agencies.
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Document type: Report
Reforming Over-the-Counter Markets: The role of central counterparties
The document examines the transition of over-the-counter (OTC) derivatives markets toward central clearing via central counterparties (CCPs) following the 2007–2008 financial crisis. While CCPs can enhance stability by reducing counterparty credit risk and price volatility, the author argues they may introduce new systemic risks, such as destabilizing margin calls and the potential for CCP insolvency. The paper concludes that current regulatory efforts, including the Dodd-Frank Act and EU regulations, are reallocating rather than reducing risk, and warns that a loophole for 'individually negotiated' contracts could lead to further deregulation.
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Document type: Research paper
Build It and They Will Come: Commitment to the Association of Southeast Asian Nations’ rice policy mechanisms
The paper examines the politicized nature of the rice sector in Southeast Asia, where domestic priorities and protectionism often lead to market volatility. It highlights how the 2007–2008 food price crisis drove countries toward insular strategies and 'rice sovereignty'. The authors propose that ASEAN can improve food security by enhancing the ASEAN Food Security Information System (AFSIS) for better transparency and fully actuating the ASEAN Plus Three Emergency Rice Reserve. The document suggests that these cooperative mechanisms can build trust and stability in the international market, providing a more effective alternative to myopic domestic focuses.
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Document type: Research paper
Transparency in the Dispute Settlement Process: Country best practices
The document addresses the historical lack of transparency in investor-state arbitrations, noting that this opacity often results from treaties being silent on confidentiality. It highlights a growing trend where states are inserting specific transparency provisions into their treaties to increase public access to information. The text focuses on the approaches of specific nations including Canada, the United States, Chile, Singapore, Australia, and New Zealand, as well as regional agreements like NAFTA and COMESA.
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Document type: Guide
Service Sector Liberalisation in India: Key Lessons and Challenges
The document examines the liberalisation of India's service sector since 1991, focusing on telecommunications, banking, higher education, and retail distribution. It finds that while liberalisation has driven significant GDP growth and export increases, the pace and success vary by subsector due to regulatory hurdles, political will, and stakeholder conflicts. The paper emphasizes that successful liberalisation requires strong regulatory frameworks and enforcement capacity, noting that India's multilateral commitments often lag behind its autonomous domestic reforms.
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Document type: Research paper
Dry and Wet Atmospheric Deposition of Nitrogen and Phosphorus in Singapore
The study measured nitrogen (N) and phosphorus (P) levels in aerosols and rainwater in Singapore's Marina catchment area. It found that wet deposition dominated N fluxes, while dry deposition dominated P fluxes, with both showing seasonal variations. The results suggest that atmospheric nutrient concentrations are influenced by both local emissions and transboundary transport, and the N:P ratio of 10.5 indicates a potential tendency toward N-limitation in local aquatic ecosystems.
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Document type: Research paper
Applied Hope
In this 2011 commencement speech at the University of California at Berkeley, Amory Lovins advocates for "applied hope"—a pragmatic, action-oriented approach to solving global crises. He argues that the most effective way to improve the future is through tangible, scalable solutions that leverage resource efficiency to turn scarcity into abundance. Lovins envisions a future where oil, coal, and nuclear energy are phased out in favor of energy efficiency, distributed renewables, and combined-heat-and-power, leading to stabilized global climates and the end of energy-driven conflicts.
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Document type: Statement
Cumulative Costs of Trade Protection in the South African Economy
The research paper argues that South Africa's trade protectionism creates a net negative effect on social welfare by distorting the economy through four main channels: exchange rate, input demand, purchasing power, and retaliation. It highlights that while specific industries gain, the broader economy suffers from reduced GDP, higher costs for downstream industries, and lower productivity. The author criticizes recent government industrial policies for relying on interventionist tools and 'picking winners,' suggesting instead a shift toward unilateral liberalisation, a rule-based tariff structure using the Swiss formula, and the opening of service markets.
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Document type: Research paper
Transparency in the Dispute Settlement Process: Country best practices
The report analyzes the trend of states integrating transparency rules directly into investment treaties to overcome the confidentiality typical of private commercial arbitration. It evaluates best practices across various stages of the dispute process, including public notice of proceedings, access to documents, open hearings, amicus curiae briefs, and the publication of final awards, while detailing how confidential business information is protected.
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Document type: Report
Investment incentives for sustainable development: The case of Lao PDR
The document examines the current investment incentive mix in Lao PDR, highlighting a 'double subsidy' of tax holidays and low-cost land concessions. It argues that these incentives provide minimal returns in tax revenue, job creation, or technology transfer, and recommends replacing them with a uniform corporate tax rate and targeted incentives for green infrastructure, public services, and human capital development.
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Document type: Report
Fair and Equitable Treatment in Indian International Investment Agreements: An overview
The document analyzes the Fair and Equitable Treatment (FET) clauses in 68 Indian International Investment Agreements (IIAs). It finds that 66 of these agreements include FET obligations, though most fail to define the normative content of the term, leaving interpretation to arbitral tribunals. The author categorizes these provisions into model-IIA, modified-model IIA, and content-indicative types, noting that only a small minority link FET to the customary international law minimum standard of treatment.
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Document type: Briefing
South-South Bilateral Investment Treaties: The same old story?
The document examines the proliferation of South-South bilateral investment treaties, noting that while their number has grown significantly—accounting for approximately 26 per cent of all BITs—they largely replicate the 'old North-South template' designed to protect investor assets. While some exceptions exist where developing nations have introduced policy space elements or omitted certain guarantees, the author concludes that most South-South BITs still follow traditional Northern models due to limited negotiating capacity and the mirroring of North-South power dynamics between more and less developed Southern partners.
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Document type: Briefing