Traidcraft calls for reform of international investment agreements in relation to land acquisitions
All components of this story
The…scale and pace of land acquisitions…is a worrying trend. Is …investment leading to greater food insecurity and human rights violations…? Or is it…leading to increased agricultural productivity and food availability? A lot depends on the regulation of foreign investment…[F]oreign investment in land…must be carefully governed to ensure that it doesn’t undermine development goals…[E]vidence suggests that current regulation of foreign investment in land is completely inadequate posing additional risks to food security. A recent briefing note by Traidcraft discusses the threats posed…[and]highlight[s]…food security and other human rights concerns…Reforming the current investment regime…to…increase obligations including compliance with the Voluntary Guidelines on Land Tenure could go a long way in ensuring that investment…contributes to food security.
[PDF] Against the backdrop of the ever-present challenge offood security in the 21st century, large tracts of land are being bought up by foreign investors around the globe with little attention being paid to the governance of these deals. Known by different names – land acquisitions, agricultural investment or land grabs – these deals are regulated by international contracts and agreements which are heavily skewed in favour of investors. The agreements themselves are increasingly criticised by many countries, fearing that they seriously undermine their ability to regulate investments in the public interest. Countries and development agencies need to pay attention to the risks they pose for food security. [refers to Chevron, Occidental Petroleum, Philip Morris International]
- Related stories: Traidcraft calls for reform of international investment agreements in relation to land acquisitions
- Related in-depth areas: Displacement
- Related companies: Chevron Occidental Petroleum Philip Morris International