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Mining companies dominate ISDS treaty-shopping claims from Australian companies

September 3, 2020: The second-largest damages claim awarded to a foreign investor against a government was US$5.8 billion, in July 2019, to the Australian subsidiary of Tethyan Copper Company against the government of Pakistan. Canadian academic Kyla Tienhaara argued in an article in the Conversation that this Investor-State Dispute Settlement (ISDS) ruling demonstrated that the global economic governance model is broken.

RCEP Trade Ministers want to sign in November but still hoping India may re-join

August 31, 2020: The official statement from the on-line meeting on August 27 of 15 Trade Ministers negotiating the Regional Comprehensive Economic Partnership said that they were "pleased with the significant progress made towards finalizing the RCEP Agreement for signing at the fourth RCEP Summit in November 2020,” and that “the RCEP remains open for India”.

Palmer threatens to use foreign investor rights to sue the Australian government after moving assets to Singapore

August 26, 2020: The Melbourne Age has reported that Clive Palmer’s Singapore-based company, established in 2019, could use foreign investor rights in the Singapore-Australia free trade agreement to claim billions in compensation because the WA government passed legislation terminating a legal dispute over an iron ore project, which had been running since 2012.

AFTINET tells public hearing that the EU knows more than Australians about our trade talks, and calls for change

MEDIA RELEASE                                                                 Monday August 24, 2020

“It is disgraceful that Europeans know more than Australians about our trade negotiations because the Australian government refuses to release the text of trade agreements until after they are signed,” AFTINET Convener Dr Patricia Ranald said today.

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