Brazil and the promotion of Bilateral Investment Treaties: the end of the dilemma

Abstract

In the last months of 2013, Brazil modified their traditional refusal to negotiate and sign BITs due to the start of negotiations with four African Nations to conclude such agreements. The advance of Brazilian multinational companies has caused the end of the dilemma of adhering to this type of instrument of facilitation and protection of investments. While the Brazilian proposal tries to move away of the traditional BITs incorporating new aspects that seek to clarify the relations of power between home-country and hostcountry, this event highlights the limitation that has the current rhetoric of Brazilian move towards a profound transformation of the existing international order.