95 Asia-Pacific organisations band together against ISDS
4 August 2016
An unprecedented alliance of 95 civil society organisations from the Asia-Pacific today urged trade ministers not to include investor rights to sue governments in the Regional Comprehensive Economic Partnership (RCEP) agreement, currently being negotiated in Laos.
AFTINET Convener Dr Patricia Ranald said “ISDS has been a major driver of community opposition to the TPP between the US, Australia and 10 Pacific rim countries, and will generate the same strong opposition to the RCEP."
“Two of the largest RCEP countries, India and Indonesia, are actually withdrawing from bilateral investment treaties which contain ISDS, because of ISDS claims of hundreds of millions of dollars against them.
We urge the Australian government and other TPP countries like Japan and Korea not to pursue the failed TPP ISDS model in the RCEP.”