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)

Live Mint | 14-Dec-2016
If we can manage our own economies well, new trade pacts will become largely redundant.
ABC | 6-Dec-2016
The problem with free trade deals is they rarely are about trade. In fact, trade usually is a side issue. And the TPP was a classic case in point.
Alternet | 16-Nov-2016
Our trade agreements—current and proposed—don’t send the right signals for the U.S. and other countries to meet their Paris commitments.
L’actualité | 8-Nov-2016
Le règlement de différends qui opposent des États et des entreprises étrangères devrait se faire devant les tribunaux et non devant des arbitres qui officient derrière des portes closes, affirme le professeur de droit Gus Van Harten.
Inequality | 28-Oct-2016
In a tale of people power over corporate power, a tribunal has ruled against a global company in a case over mining rights. Now we need to block trade deals that allow these “investor-state” lawsuits.
Stamford Advocate | 27-Oct-2016
"Our experience in Peru demonstrates how the TPP model prioritizes trade and investment above the protection of the environment, ecosystems, and life itself."
The Guardian | 25-Oct-2016
Threat of action from multinationals one of the ‘enormous risks’ Australia faces if trade deal is ratified, GetUp says
Taylor & Francis | 17-Oct-2016
The TPP threatens to extend the most draconian feature of the contemporary free trade model: private corporation’s ability to sue sovereign nations.
The Guardian | 11-Oct-2016
Lawyer for Philip Morris’s bid to take Australia to court over cigarette laws says Australia has nothing to fear from trade deals that allow investor-state disputes
Sierra Club | 3-Oct-2016
Looming trade deals threaten efforts to keep fossil fuels in the ground

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