The Institutional Position And Interactive Approach Of Special Economic Zones In The Perspective Of International Investment Law

Special economic zones(SEZs)are based on the legal status of "domestic and international" and the special framework of "domestic and international",creating domestic laws that are in line with internationalization,providing new ideas and opportunities for the development of the international investment system.As such,the special economic zones in the international investment law system reflect unique levels and their interactions with various investment mechanisms,which also provide novel and interesting insights.How to accurately grasp the particularity of special economic zones at the hierarchical level in the international investment law system,analyze their synergy with international investment treaty norms,investment dispute resolution mechanisms,regional trade agreements,and other issues,and explore the path of China’s special economic zones,in order to voice more Chinese voices in the formulation of international investment rules.In addition to the introduction and conclusion,the full text is divided into four parts:The first part is the background and development of special economic zones.Promoting development through special zones is a major feature of today’s international economic and trade development.Special economic zones rely on investment friendly policies,regulations,and infrastructure construction designed by the government,essentially creating a special rule space for domestic law and international investment.As a result,a new level of integration with domestic and international standards has been inserted into the international investment law system.The second part is an analysis of the applicability of the integration of special economic zones with the rule of law in international investment.Regarding potential disputes and avoidance paths between special economic zones and international investment agreements,clarification of investment related definitions and practices,dispute and resolution of responsibility attribution,it is pointed out that a clear statement should be made on the applicability of relevant contracting parties to special economic zones,and specific actions of special economic zones in terms of investment texts,policy measures,and responsibility attribution should be standardized,and appropriately balance the rights and obligations between foreign investors and public policies.The third part is about the development prospects and challenges of special economic zones.The collision of ideas of unilateralization,multilateralism,and regionalization;The expansionary impact of regional trade agreements has led to a complex and deepening trend in the future development and construction of special economic zones.On the one hand,it is necessary for the government of the country where the special economic zone is located to make scientific legislation according to local conditions and take cautious unilateral actions;On the other hand,we should guide the healthy integration of special economic zones and international investment law mechanisms,guided by the value of international investment activities,inclusive,vertical and horizontal,and mutually beneficial.The fourth part is about the practice and future development of China’s special economic zones.In the context of the construction of the "dual circulation" system both domestically and internationally in the new era,this paper explores the feasibility of the theoretical system and legal connotation of China’s special economic zones: adhering to a holistic approach,designing a multi-dimensional coordination and connection mechanism for special economic zones,adhering to legal innovation,creating a "Chinese version" of special economic zone norms,leading the construction of a new highland for international investment reform and opening up,and achieving more outstanding investment development achievements.