This opinion piece by AFTINET's Convener, Dr Patricia Ranald, explains why it is so important that ISDS provisions allowing foreign investors to sue governments was not included in the Japan-Australia FTA.
Writing for the Sydney Morning Herald, Peter Martin claims that the Free Trade Agreement with Japan announced yesterday does not include the controversial investor state dispute settlement (ISDS) mechanism.
Matthew Cawood writes for Fairfax country media about community concerns around Investor-State Dispute Settlement (ISDS) in trade agreements, quoting AFTINET convener Dr Patricia Ranald.
Japanese companies would be able to sue Australian governments under clauses expected to be included in the Australia-Japan free trade agreement, writes Peter Martin for the Sydney Morning Herald.
The article outlines concerns that controversial Investor-State Dispute Settlement (ISDS) clauses may be included in the agreement and features quotes by AFTINET's Convener, Dr Patricia Ranald
Some have fears about the trade agreement because of a lack of transparency, including rumours that there is a provision to allow Japanese companies more easily to sue the Australian Government, ABC Radio National PM reports.
The segment includes an interview with AFTINET's Dr Patricia Ranald.
On March 5th, Greens Senator Peter Whish-Wilson introduced the Trade and Foreign Investment (Protecting the Public Interest) Act 2014 into the Senate. The purpose of the Bill is to protect Australian laws by banning provisions which enable foreign investors to sue governments if domestic laws “harm” their investment, known as ISDS.
The Hon. Andrew Robb AO MP
Minister for Trade
Canberra ACT 2600
I am concerned about the possible inclusion of investor-state dispute settlement (ISDS) in the Japan-Australia Free Trade Agreement, as occurred in the recent Korea-Australia FTA.
Dr Patricia Ranald was interviewed on RN Breakfast on Friday March 21, about the connection between the proposed Japan-Australia Free Trade Agreement and the negotiations for the Trans-Pacific Partnership FTA. http://www.abc.net.au/radionational/programs/breakfast/japan-free-trade-...