El pasado 24 de enero, 11 países de la Cuenca del Pacífico alcanzaron un acuerdo para firmar un resucitado Tratado Transpacífico (TPP), pero ahora con el nombre de Acuerdo Global y Progresivo para la Asociación Transpacífico (CPTPP por sus siglas en inglés).
Profit is king. People are the pawns, and the Government will seem to be in favour of supra-national conglomerates if it signs this “new” TPP inclusive of the ISDS.
Canada and the US are set to agree on withdrawing the controversial investor-state dispute settlement (ISDS) mechanism from the North American Free Trade Agreement (NAFTA) between the US, Canada and Mexico.
Canadian Prime Minister Justin Trudeau has boasted of his commitment to progressive economic, environmental and social policies. At the same time, has been a passionate warrior in his pursuit and defence of so-called ‘free trade’ agreements.
New Zealand’s new Prime Minister, Jacinda Ardern, is on the record as stating that investor-state dispute settlement (ISDS) must not be a part of any future trade agreements signed by New Zealand.
In a co-ordinated push with The Australian, the government has embarked on an attempt to revive the Trans-Pacific Partnership trade agreement and burnish its free-trade credentials.
The Government is enlisting its ambassadors in a last-minute bid to win changes to the TPP’s controversial investment clauses, Trade and Export Growth Minister David Parker says.
Prime Minister Jacinda Ardern announced plans to effectively ban foreign buyers of existing residential property but says the prohibition doesn’t put New Zealand at odds with the slimmed down version of the Trans-Pacific Partnership deal.