Innovation and Construction of International Investment Dispute Settlement Mechanism Under the “Belt and Road” Initiative

Abstract

The article discusses in depth the innovation and construction of international investment dispute settlement mechanism under the “Belt and Road” initiative. The article firstly outlines the background and importance of the “Belt and Road” initiative and emphasizes its role in promoting regional cooperation and economic ties, as well as the ensuing new challenges of international investment dispute settlement. The article then analyzes the basic principles and theoretical framework of international investment law from a jurisprudential perspective and points out the shortcomings of existing international investment dispute settlement mechanisms such as the ICSID and WTO dispute settlement mechanisms in terms of transparency, predictability of decisions, and litigation costs. The article suggests the establishment of diversified dispute settlement channels and specialized dispute settlement bodies to provide fair and transparent services. In addition, the article emphasizes the importance of developing uniform rules, procedures and standards for dispute settlement, and makes recommendations for strengthening international legal cooperation in order to enhance the efficiency and fairness of dispute settlement, and the enforceability and credibility of dispute settlement outcomes. The article concludes that future legal research should continue to focus on the innovativeness and flexibility of the international investment dispute settlement mechanism, in order to adapt to the new changes and challenges in the field of international investment, and to provide a solid guarantee for the smooth implementation of the “Belt and Road” initiative.