TPP

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP or TPP for short) is a trade and investment agreement that was signed on 7 March 2018 between 11 Pacific Rim countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The pact went into force on 30 December 2018 among the members who have ratified it. The US withdrew from it in January 2017.

The investment chapter includes investor-state dispute settlement (ISDS) provisions. Civil society groups have blasted the mechanism, as it gives a foreign investor or company disproportionate powers vis-à-vis governments or domestic companies. Foreign investors can resort to a parallel system of justice specifically made for them to challenge public health, the environment and other public-interest ‘safeguards’, and bypass national justice courts.

(March 2020)

Global Trade Online | 7-Oct-2015
Trans-Pacific Partnership (TPP) countries have agreed on language that will allow members to exclude tobacco control measures from the scope of investor-state dispute settlement.
Info Justice | 2-Oct-2015
The new exception validates, rather than assuages, the concerns of those who have been criticizing ISDS systems for many years. Without express carve outs, ISDS provisions do threaten common health and safety regulations.
The Edge Markets | 2-Oct-2015
Governments will be allowed to block tobacco companies from suing over anti-smoking measures under a US proposal being considered by Pacific trading partners as part of Trans-Pacific Partnership trade deal.
The Star | 2-Oct-2015
What little we know about the Harper government’s many international trade deals is cause for grave concern.
SSRN | 1-Oct-2015
Despite the deep irony of free trade agreements being subverted to codify and extend anti-competitive monopoly rights the joining of enhanced intellectual property rights (IPRs) and strengthened investor rights is creating a wild-west opportunity for unbounded corporate power.
Scoop | 28-Sep-2015
Gordon Campbell on New Zealand’s TPP done deal on dairy, and on investor-state disputes
rabble.ca | 23-Sep-2015
For years, trade and justice activists have proposed renegotiating the North American Free Trade Agreement (NAFTA) to address some of the deal’s most damaging features: for example, by removing the anti-democratic investor-state dispute settlement provisions of Chapter 11, linking trade benefits to genuine protections for human and labour rights (all the more important given the deteriorating democratic situation in Mexico), and establishing a continent-wide strategy for auto investment and production.
| 23-Sep-2015
Under a Trans Pacific Partnership deal, foreign investors in New Zealand could be able to take international legal action against a government decision such as that which rejected a Chinese company’s bid for Lochinver Station, says an Auckland Law School senior lecturer.
SUNS | 23-Sep-2015
Particular issues and procedures in investment treaties have proved especially contentious at both conceptual and practical levels.
SUNS | 23-Sep-2015
Two recent proposals on settling investment disputes have begun to attract attention and consideration in national and international circles.

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