国际仲裁实践的挑战与美国国际投资协定的晚近发展

美国是世界上最大的资本输出国，传统上美国注重保护投资者的利益，与发展中国家签订高标准的投资协定。晚近，随着NAFTA的生效，美国被越来越多的投资者诉至国际仲裁庭。针对国际投资实践对东道国利益的漠视，美国国际投资协定开始转型，注意平衡投资者权利与东道国利益。中国是世界上资本输入最多的发展中国家，应该吸取美国国际投资协定发展的经验，保护中国国家利益不受外国投资者的挑战。

Challenges to international arbitration practices and the latest development of American international investment treaties

The US is the biggest capital export country in the world, and for this it used to conclude high standard bilateral investment treaties with developing countries to protect its investors. With the NAFTA in operation, the United States were sued several times by foreign investors in the international tribunals. From then on, it began to amend its international investment agreements to balance the investors＇ property rights and the host states＇ interests. China is the developing country that absorbs the largest amount of capitals in the world, and it should learn from the US, perfecting its international investment agreements for the protection of its national interests.