Latest News

The Injustice Industry: Egypt challenged over rise to minimum wage

Le Monde Diplomatique reports that the Veolia group, a French multinational, is suing the Egyptian government because of a rise in the monthly minimum wage. The company is using the ISDS provisions in an investment treaty between France and Egypt.

The case is still in progress, but is yet another example of the dangers of including investor-state dispute settlement (ISDS) in trade agreements such as the Trans-Pacific Partnership (TPP).

To view the full article you will need a subscription to Le Monde Diplomatique.

25/06/2014

AFTINET Submission to the KAFTA Senate Inquiry

AFTINET has made a detailed submission to the Senate Inquiry on the Korea-Australia Free Trade Agreement (KAFTA).

Download AFTINET's Submission here.

AFTINET's submission includes details about the inclusion of investor rights to sue governments over domestic legislation (investor-state dispute settlement) and why claimed "safeguards" will not work, as well as other aspects of the KAFTA.

Solomon Islands negotiator concerned development neglected in PACER-Plus

Last week trade negotiators from Australia, New Zealand and the Pacific Island nations met in Adelaide for the seventh Intersessional meeting of the PACER-Plus trade negotiations.

Robert Sisilo from the Solomon Islands Trade Negotiations Envoy expressed his concerns that the objective of PACER-Plus - to help Pacific Island Nations achieve economic growth and sustainable development - was being neglected in the ongoing negotiations. According to an article in the Soloman Star , Sisilo is concerned that Australia and New Zealand officials have "forgotton the reasons why PACER-Plus was launched".

Pages