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JSCOT report backs TPP-11, Labor critical but community groups call for the Senate to say no

Media Release, August 22, 2018

“The report of the Government-dominated Joint Standing Committee on Treaties has predictably recommended the endorsement of the TPP-11 implementing legislation,” AFTINET Convener Dr Patricia Ranald said today.

“However, ALP committee members made the following critical comments: (pp 85-95)

Columbia University study finds ISDS costs outweigh benefits for many governments

August 14, 2018: A recent study published by the Columbia University Centre for Sustainable Investment evaluates the costs and benefits for states of investor-state dispute settlement (ISDS) provisions in trade and investment agreements. It concludes that expected benefits in terms of increased levels of foreign investment have not clearly materialized, whereas the costs have been unexpectedly high.

Global support for Peruvian Indigenous leader following ISDS case against indigenous land rights

August 9, 2018: The Canadian mining company Bear Creek recently won an ISDS case against Peru and was awarded US$37 million in compensation and costs. The government had refused a mining license because the company had not sought full and informed consent from indigenous people, resulting in mass protests against the mine in 2011. AFTINET has been using this case as an example of how ISDS can undermine indigenous rights.

RCEP talks make small progress in Bangkok, while resistance grows

July 31, 2018: The twenty-third round of the 16-nation Regional Comprehensive Economic Partnership talks over 10 days in Bangkok managed to resolve two more chapters, one on customs procedures and trade facilitation and one on government procurement. This means only four out of twenty chapters have be agreed, but there is still pressure to complete the deal by the end of the year.

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