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)

CIAR Global | 19-Dec-2023
Almaden y Almadex, dos mineras canadienses, han solicitado consultas con México, previas al arbitraje internacional, en el marco del Acuerdo de Asociación Transpacífico.
Harakah Daily | 29-Nov-2023
Kerajaan wajar mengambil langkah memastikan Malaysia tidak dibelenggu dengan Penyelesaian Pertikaian Pelabur Negeri (ISDS) yang terkandung dalam Perjanjian Komprehensif dan Progresif bagi Perkongsian Trans-Pasifik (CPTPP).
ImpACT International | 13-Nov-2023
Removing ISDS mechanisms within the CPTPP is a good start, but Britain must protect itself and other nations from its own corporate interests by removing all ISDS mechanisms.
Inter Press Service | 2-Nov-2023
Governments the world over are worried about investor-state dispute settlement (ISDS) rules. These allow foreign investors to sue them for billions over new laws or policies reducing their profits.
Global Justice Now | 25-Oct-2023
The UK faces “huge financial risk” of lawsuits if the Pacific trade deal is not amended, warn civil society organisations and academics in a joint letter published today.
McCarthy Tétrault | 31-May-2023
Direct remedies may be available to Canadian miners under the CPTPP in relation to the changes to Mexico’s mining laws.
Chile Mejor sin TLC | 20-Apr-2023
Ante la aprobación del proyecto de expansión de Los Bronces, de la minera multinacional AngloAmerican, Chile Mejor sin TLC se une al clamor y repudio de organizaciones socioambientales y personalidades, rechazando esta decisión.
The Ecologist | 12-Apr-2023
UK accession to Pacific trade deal empowers fossil fuel firms to sue governments.
The Monitor | 7-Apr-2023
Canada should join Australia and New Zealand in neutralizing lopsided corporate protections in CPTPP.
JDSupra | 17-Mar-2023
Investors from the United States, Mexico or Canada in the territory of one of the other two investment hosting states, who may have been adversely affected by the host government’s measures, need to act by the end of March 2023 to preserve NAFTA rights.