April 24, 2019: The Guardian has reported that US energy company APR has failed in its attempt to use the US-Australia Free Trade Agreement (AUSFTA) to sue the Australian government for compensation because of an adverse court decision.
ISDS allows foreign investors to sue our Government
Investor-State Dispute Settlement
April 11, 2019: “Detailed scrutiny of the text of the recent Indonesia trade deal has revealed that there are no provisions to cancel the old 1993 Indonesia-Australia bilateral investment agreement, which will remain in force along side the new agreement.
Thursday April 4, 2019: A group of seven Special Rapporteurs in the United Nations system have told another UN body – the UN Commission on International Trade Law (UNCITRAL) - that Investor-State Dispute Settlement in trade agreements need systemic reform, not only procedural improvements.
Tuesday, March 26, 2019: “The Australia-Hong Kong Free Trade Agreement and separate Investment Agreement signed today still give special rights to foreign investors to bypass national courts and sue governments for millions of dollars in international tribunals if they can argue that a change in law or policy would harm their investment, known as Investor-State
Monday March 25, 2019: The Australian reports that Federal Labor Trade Spokesperson Jason Clare has confirmed that Labor in government would seek to remove Investor-State Dispute Settlement clauses from the Peru and Indonesia FTAs, which the Morrison government has signed but not ratified.
Friday March 22, 2019: “It has taken a second FOI case and another two years to reveal that Australian taxpayers were only awarded half of the costs of defending Australia’s tobacco plain packaging laws against tobacco giant Philip Morris in March 2017.