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27 Jul 2015

Egyptian Center for Economic and Social Rights

Egypt: Report published by ECESR on the violations of multinational corporations in Egypt

"Above the State: Multinational Corportations in Egypt", 22 February 2015

...This report will delve into both the international and national frameworks regulating foreign investment in Egypt, while presenting several case studies of violations committed by MNCs operating in Egypt that continue to be granted immunity. In the meantime, Egypt remains one of the most vulnerable countries in the world to claims filed through international investment arbitration panels, by virtue of the imbalanced Bilateral Investment Treaties (BITs) that Egypt signs on to, which favor the interests of foreign investors at the expense of state sovereignty and public interest, and yet, these BITs continue to be the basis of Egypt’s reforms to the investment framework. Through shedding light on the violations of multinational corporations in Egypt, and the paradoxical impunity that the state of Egypt continues to offer them, The report will attempt to make the link between human rights, public interest, and development on one hand, and investment and taxation policies on the other hand, raising questions about the coherence of Egyptian policy-making and recommending necessary reforms...