CONTEMPORARY EURASIA VIII (2) ContEurVIII2 | Page 20

CONTEMPORARY EURASIA VIII (2)
Conclusion
The Belt and Road Initiative is the largest infrastructure
development plan in modern history that seems to create a robust
financial and trade cooperation network. In this study, we emphasize the
importance of Armenia’s active participation for boosting its trade and
investment realities with China and BRI countries. The BRI places
Armenia in a fundamentally different geo-economic environment, which
can be very fertile for attracting foreign investments. While the BRI has
not yet crystalized or made a profound impact for Armenia, we argue that
these key integration processes increase the relevance of investor rights
protection in Armenia. Legal certainty and sound investor rights
protection guarantees provided to foreign investors can increase the
Chinese investor's willingness to invest in Armenia.
In this article, we discussed improvements that can be made in the
Armenia–China investment treaty, considering that Armenia needs to
intensify its efforts to attract Chinese investments and the BIT has
considerable limitations that need to be corrected. The article focused on
the substantive treatment standards and the investor-state dispute
settlement clause of the bilateral investment treaty. We broke through
legal matters, placing them in the context of Chinese BIT making policy
and suggested that the parties need to update the BIT, which will provide
a higher level of protection to investors originating from those countries.
The existing BIT is restrictive and provides a considerably low level of
protection to foreign investments originating from Armenia and China.

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