The international economy often protects the interests of corporations at the expense of the states themselves, argued Judge Abdulqawi Yusuf at a lecture Monday night. Due to the large volume of money flow, certain agreements, known as Bilateral Investment Treaties, set the rules for private investment from one country to another. When formulating these trade agreements, developing countries can find themselves unable to successfully negotiate due to lack of trained personnel. “Most of the time developing countries do not appoint experienced arbitrators from their country to the arbitral tribunals,” he said. “Developing states need to have skills development and negotiators who can negotiate better terms and conditions with the capital exporting countries,” he said.

Source: Daily Sun October 24, 2017 04:52 UTC