In 2017, Colombia adopted a new model International Investment Agreement (‘IIA’) which will form the basis for upcoming negotiations of new international investment agreements and the renegotiation of existing agreements (the ‘2017 model IIA’ or the ‘model’). While this is a new model and it may take some time before an agreement is negotiated on its basis, certain innovations envisaged in this model, as well as the underlying goal to effectively balance investment protection while maintaining a State’s regulatory powers, will likely be of interest to academia, practitioners, and even other countries. Indeed, the model comes at a time when several countries are debating the appropriate structure for investment protection. Colombia offers an interesting take that is worthy of consideration. Towards that end, this note is divided into the following sections: first, we provide an overview of the context in which the 2017 model IIA was prepared in Section II. Then, we examine how the model addresses jurisdictional issues in Section III, and this is followed by a discussion on the standards of protection in Section IV. The dispute resolution mechanism is discussed in Section V, while in Section VI, we highlight some innovations of the 2017 model IIA.

中文翻译：

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哥伦比亚的2017年IIA型：旧的，新的，借来的

2017年，哥伦比亚采用了新的国际投资协定范本（'IIA'），这将成为即将进行的新国际投资协定谈判和现有协定的重新谈判的基础（'2017 IIA范本'或'范本'）。尽管这是一个新模式，可能需要一段时间才能根据协议进行谈判，但此模式中设想的某些创新以及有效平衡投资保护同时保持国家监管权的基本目标很可能是学术界，从业人员甚至其他国家都对此感兴趣。确实，该模型是在几个国家正在辩论适当的投资保护结构之时提出的。哥伦比亚提出了一个值得考虑的有趣观点。为此，本说明分为以下几节：首先，我们在第二节中概述了2017年IIA模式的编写背景。然后，我们在第三节中研究模型如何解决管辖权问题，然后在第四节中讨论保护标准。第五节讨论了争议解决机制，而第六节则重点介绍了2017年模型IIA的一些创新。