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.

Photo: Blink O’Fanaye / CC BY-NC 2.0

(March 2020)

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.
Local Futures Blog | 16-Feb-2017
Local Futures’ Isabel Marlens discusses why many people know so little about trade issues, and what can be done about it.
Observer | 26-Jan-2017
The TransCanada lawsuit became virtually meaningless as Trump signed an executive order to continue construction of the Keystone XL
Third World Resurgence | 12-Jan-2017
In highlighting that the drafts of many of its key chapters are substantially similar to those of the TPP, Sanya Reid Smith warns that the RCEP may end up as a replica of the former.
The Wire | 9-Jan-2017
With the imminent demise of the Tran-Pacific Partnership Agreement almost certain, there are many lessons to be learnt from the fraudulent free trade deal.