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)
Articles
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.
TNI | 11-Jul-2017
En lugar de abrir la discusión sobre qué inversiones y para qué, la agenda de facilitación restringiría as capacidades de los gobiernos de regular la inversión extranjera.
GRAIN | 9-Jun-2017
Hoy los TLCs vuelven con fuerza a abalanzarse sobre nuestros bienes comunes con mecanismos cada vez más sofisticados e ilegítimos. Por eso dedicamos este Vistazo a presentar las viejas y nuevas amenazas que representan compartiendo los contenidos del Boletín Nyéleni N.º 29 dedicado íntegramente a esta temática.
El Financiero | 14-Apr-2017
Un tema que no ha sido analizado a profundidad son las nuevas disposiciones que serán agregadas al texto del tratado en materia de medio ambiente, laboral, sindical, propiedad intelectual, entre otros.
SSRN | 2-Mar-2017
This paper offers the first detailed English-language analysis of international investment arbitration law and practice in Thailand.
The Conversation | 20-Feb-2017
While consultancies, political donations, secondments and staff movements magnify corporate influence over government, an equally sinister trend is playing out in the world of multinational corporations.
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