Introduction

The national treatment standard is one of the most common guarantees contained in modern investment treaties aiming at securing a certain level of treatment for investors and their investments in host countries. This standard has also been widely used in Venezuelan bilateral investment treaty practice. The purpose of this paper is twofold. First, after short introductory remarks on the meaning of national treatment, it takes stock of the different types and characteristics of the standard as embodied in bilateral investment treaties signed by Venezuela. Second, it reviews ...