Mozambique has signed Bilateral Investment Treaties with the Kingdom of the Netherlands and the Belgium/Luxembourg Economic Union (Bilateral Investment Treaties, BITs), in force since 2004 and 2009, respectively. Both are subject to tacit renewal for 10 years on September 1, 2019, if neither party renounces or proposes a change six months in advance, that is, by March 1st. However, it is important to emphasize that the BITs materialize through Foreign Direct Investment, which contrary to what was expected, the above mentioned countries are not part of those that contributed the most with investments in the last 10 years, a fact to emphasize that these agreements need to be revised in order to maximize the gains for Mozambique. It is necessary for the Government to negotiate with the counterparts conditions that allow to improve, in a certain way, the existing conditions in the field of investment, taking into account the current development needs of the country.
So now is the time to reconsider the context and merits of these BITs.
