TPP

The Trans-Pacific Partnership (TPP) was concluded in October 2015 between the United States and 11 other Pacific Rim countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
Indonesia and Taiwan declared their intention to join in. The treaty has yet to be ratified.

The investment chapter has revealed the deal includes investor-state dispute settlement (ISDS). 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 would be able to bypass national justice courts and resort to a parallel system of justice specifically made for them.

Public health, the environment and other public-interest ‘safeguards’ would be undermined under the ISDS provisions in the TPP.

(November 2015)

Gisborne Herald | 26-Feb-2018
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.
Scoop | 22-Feb-2018
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.
Asia Society Policy Institute | 6-Feb-2018
Certain long-standing provisions of trade agreements, specifically ISDS, are worthy of reconsideration.
Global Research | 5-Feb-2018
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.
Scoop | 13-Nov-2017
"[New Zealand’s] new government has begun to spin its achievements, while omitting some inconvenient details", says law professor Jane Kelsey.
IELP Blog | 13-Nov-2017
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.
Crikey | 8-Nov-2017
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.
Newsroom | 3-Nov-2017
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.
Scoop | 31-Oct-2017
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.
AFTINET | 30-Oct-2017
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.

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