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Abstract :
[en] This chapter argues that the European Union (EU) has gained empowerment through the fragmentation of the Common Commercial Policy (CCP), particularly focusing on investment governance. It highlights how the EU has utilized this altered policy landscape to enhance Brussels' capabilities in addressing investment issues. The argument posits that the CCP has become heterarchical due to politicization and geopoliticization, leading to a discussion on how the EU has navigated this new landscape to bolster its competencies in investment governance. Firstly, the chapter examines the adoption of an Investment Screening Mechanism (ISM), asserting its significance in shaping a Brussels-oriented perspective on investment-related risks. Secondly, it underscores the EU's revised approach to multilateral investment agreements, shifting from a state-centric demand for investment facilitation to a Brussels-centric framing of investment protection.
