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procurement and the restriction of national mechanisms of control and influence
remain as an entire body of regulations at the disposition of corporations, capital and
commerce.
Foreign investors have to be granted the same rights as national ones, according
to the rules of the MFN and NT clauses, and additionally foreign investors and market
participants dispose of more rights as the domestic investors due to possibilities to
take legal action at international arbitration courts. Furthermore, in international legal
disputes international trade and investment legislation over rules national law:
“However, today’s globalization mainly rests on internationally accorded and
nationally ratified rules on the liberalization of financial markets, investment and
the trade of goods. Hardly one day passes, without international negotiations
on further agreements. Therefore, state authority in terms of design and control
occurs through international regulation and national implementation.” 321
Any form of national or regional performance requirements such as:
• minimum quotas of local employees,
• special consideration of local producers and suppliers in the chain of production
or in public procurement processes,
• requirements for technology transfers,
• preferential treatment for domestic suppliers regarding subsidies or awarding
of contracts,
• tax incentives for domestic suppliers,
which do not apply in the same way for foreign and domestic suppliers, thereby
are considered as discriminatory market distortion by bilateral, regional or multilateral
investment agreements, and would therefore be prohibited: national, regional or local
potential for decision making in the area of implementing measures to promote
development by the state is thereby complicated or completely impeded.
The commercialization of public expenditure is to be subjected as well to the regime
of international trade: One of the most profitable market segments on a global
level is the area of public procurement, which accounts for around 15 percent of
international trade. 322
321 Own translation of the following orignial text: “Allerdings beruht [...] unsere heutige Globalisierung wesentlich auf
international vereinbarten und national ratifizierten Regeln über die Liberalisierung von Finanzmärkten, Investitionen
und dem Güterhandel. Es vergeht kaum ein Tag, an dem auf internationaler Ebene nicht über weitere Übereinkommen
verhandelt wird. Staatsgewalt im Sinne von Gestaltung und Ordnung durch internationale Regelung und nationale
Umsetzung findet daher statt.” Taken from: Stoll, Peter-Tobias: Globalisierung und Legitimation, Göttingen, May 19,
2003, p. 4, http://www.cege.wiso.uni-goettingen.de/Veranstaltungen/antrittsvorlstoll.pdf.
322 http://europa.eu.int/comm/trade/issues/sectoral/gov_proc/index_en.htm.
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