Upgrading China-Ukraine BIT In The Context Of BRI

BRI is a global integration process that may benefit economic and political relations between China and Ukraine.The project is considered to create investment opportunities and eliminate trade barriers.Cooperation with Ukraine in the context of the initiative would also create opportunities for the entry of China in the European market.The improvement of investment treaties is deemed to be necessary for the required boost of the investment inflows in Ukraine.Following the current developments,the BITs are signed between developed and developing countries to benefit both sides.International Investment regime is going through many changes,as,per instance,Draft of Foreign Investment Law in China,FTA between the EU and Ukraine.The domestic and international investment law of Ukraine requires a thorough examination.The research objective is underline tasks to possibly upgrade ChinaUkraine BIT from the first generation to the second generation BIT.Therefore Ukraine may attract more investment opportunities and broaden economic cooperation.The new government of Ukraine already started implementing some legal reforms to improve the investment situation by increasing transparency in state-owned enterprises,eliminating unnecessary regulations and improving the tax code.A gap exists in issues concerning market access,such as pre-entry national treatment,most-favored national treatment and performance requirements.