US Trade Representative Robert Lighthizer said that the US wants to opt out of ISDS in NAFTA, because of the risk and costs of US governments being sued by foreign corporations, and despite corporate lobby groups pushing to retain ISDS.
Corporate lobby isolated in its strident defense of the controversial regime that was first inserted into US trade deals with NAFTA and that elevates individual corporations to equal status with nations.
This far-flung peninsula in the North Atlantic seems an unlikely place for an international trade dispute. But an American company’s scuttled plans to build a quarry here have turned these quiet fishing grounds into a case study.
El acuerdo de inversión, conocido como Tratado sobre la Carta de la Energía, somete la soberanía de los Estados a los intereses económicos de las grandes corporaciones e impide ir hacia la transición energética.
Negotiators representing 16 countries have been tasked with arriving at an agreement on the controversial Regional Comprehensive Economic Partnership by October 19 but trade unions say the deal has grave consequences.
Organisations representing millions of Australians wrote to Labor MPs last week asking them to implement their policies against harmful proposals including special rights for foreign investors to sue governments for millions over domestic laws.