ISDS allows foreign investors to sue our Government

Investor-State Dispute Settlement

Corporations prepare to sue governments over actions to save lives as pandemic reveals other trade policy flaws and need for alternatives

April 23.2020 Dr Patricia Ranald’s article in The Conversation shows how legal firm are already advising global companies on how to use clauses in trade agreements which allow them to claim millions in compensation for government regulation during the pandemic which may harm their profits.

More generally, she argues that the realities of the pandemic have forced governments to act in ways which show the flaws in the current trade deals that are negotiated in secret. 

Expert claims ISDS provisions for Mexico in NAFTA 2.0 are neo-colonial and could undermine action on climate change

January 30, 2020: An article by Manuel Perez-Rocha, an associate fellow at the Institute for Policy Studies, argues that the ISDS provisions for Mexico in the new NAFTA agreement are neo-colonial and give extensive powers to big polluters, which could restrict government’s ability to act on climate change.

Uruguay investment agreement endorsement underlines undemocratic process for trade deals

December 4, 2019: The government announced that a new Bilateral Investment Agreement between Uruguay and Australia was signed on April 5, 2019. As is the usual practice, the text was tabled in parliament only after signing, and the agreement was reviewed by the Joint Standing Committee on Treaties (JSCOT), which reported on December 3. Since the government has a majority on the committee, the report recommended that the government ratify the agreement. The previous 2002 Uruguay-Australia  bilateral agreement will be terminated when this agreement enters into  force.

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