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Since the Lisbon Treaty, investment protection has been a matter of European jurisdiction. In a transitional phase, EU Member States may still negotiate bilateral investment treaties under certain conditions and in line with the reformed EU investment policy.
In 2018, a new model text was drawn up for the negotiation of future treaties. The new model text fits in with this country's transition policy towards a European and multilateral approach to investment protection. The text lists the principles of the reformed European investment protection policy, strengthens the sustainability principles and reinstates the phased-out provisions for the dispute settlement mechanism based on arbitration.
You can check the countries with which Belgium has concluded a bilateral investment treaty in the database of treaties.