| The appropriate resolution of international investment disputes not only enables parties to realize their rights under international treaties,but also reflects the rule of law in global economic governance.In the context of rising unilateralism and stagnation of globalization,the mechanism for resolving international investment disputes is inadequate and has generated new problems.The signing of the RCEP agreement provides a new approach for the resolution of international investment disputes in the East Asian region.Firstly,by summarizing the status quo of international investment agreements and treaties containing investment provisions,this study analyzes the current situation,existing problems,and development trends of the mechanism for resolving international investment disputes.By summarizing the status quo of international investment agreements and treaties containing investment provisions.While most investment agreements contain both state-to-state and investor-state dispute settlement mechanisms,the former is infrequently used compared to the latter.Given the changing international investment landscape,the fragmentation of investment agreements,and the ineffective role of dispute resolution mechanisms,the current trend is to shift towards building regional dispute resolution mechanisms by reforming the investor-state dispute settlement mechanism and beginning to pay attention to the state-to-state dispute settlement mechanism.Secondly,by examining the relevant provisions of the RCEP agreement,this paper analyze the state-to-state dispute settlement mechanism and possible issues,thereby exploring the rule of law path for further improving the mechanism for resolving international investment disputes.However,the RCEP agreement lacks a corresponding mechanism for resolving investment disputes between investors and host countries.By analyzing the attitudes and practices of RCEP contracting parties towards the construction of this mechanism,combined with the reform trend of the investor-state dispute settlement mechanism,this paper argues for the possibility and necessity of RCEP contracting parties to construct such a mechanism and proposes a path for its construction.Finally,in light of the new international investment environment,this paper suggests RCEP should improve its own mechanism for resolving investment disputes and China should participate in mechanisms construction and offer some suggestions. |
