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, albeit solely focused on the national sphere, represents a specific attempt of emancipation from the global investment protection regime that falls short of any amendment of the latter. (c) Regional and continent-wide investment peculiarities: SADC Model BIT 2012 and the Draft Pan-African Investment Code Germane examples for a less radical emancipatory
Agreement, the more favourable treatment shall be applicable’. 46 In the preamble of the Pan-African Investment Code (PAIC), for instance, the Parties recognized ‘their right to regulate all the aspects relating to investments within their territories with a view to meeting
continent-wide regional economic agreements. One of the most important integration endeavours currently undertaken by the AU is the Continental Free Trade Area (CFTA). 197 The CFTA is intended to include a comprehensive chapter on investment. Also under the auspices of the AU, a Pan-African Investment Code (PAIC) was finalized in 2016. The PAIC contains a