“ISDS: The Devil in KAFTA’s detail” by Matthew Cawood in the Fairfax rural press is a critical discussion of investor rights to sue governments in the Korea FTA and in the Trans-Pacific Partnership Agreement (TPP).
In an article published in The Canberra Times, Kyla Teinhaara and Jeffrey Mcgee argue that the recently completed Australia-Korea Free Trade Agreement (KAFTA) should be renegotiated to remove the investor-state dispute settlement (ISDS) clause.
Act up for Fair Trade not Free Trade!
ABC PM radio discusses the recently concluded Free Trade Agreement between Australia and Korea. A number of people are interviewed including the Trade Minister Andrew Robb and AFTINET's Dr Patricia Ranald.
The Sydney Morning Herald published an article titled "Trans-Pacific Partnership is a big deal, but hardly anyone knows", citing a study by the Australia Institute, which found that 55 per cent of respondents did not know about the TPP, and another 19 per cent were not sure.
“The Abbott Government has agreed to include Investor-State Dispute Settlement (ISDS) in the Korea Australia FTA text which was released today. ISDS enables foreign investors to sue national, state or local governments for hundreds of millions of dollars of damages if they can allege a domestic law or policy “harms” their investment.
by Dr Patricia Ranald
The Abbott Government policy is to negotiate the inclusion of Investor-State Dispute Settlement (ISDS) in trade agreements. ISDS enables foreign investors to sue national, state or local governments for hundreds of millions of dollars of damages if they can allege a domestic law or policy “harms” their investment. The disputes are heard in international tribunals without the legal protections of national legal systems: the hearings are secret, arbitrators can be practising advocates and there are no precedents or appeals.
Time: 6.30pm, Monday. March 10
Venue: Newtown Neighbourhood Centre, 1 Belford St, Newtown
Dr Patricia Ranald from AFTINET will join representatives from environment and public health groups to address a community forum on the Trans-Pacific Partnership in Newtown. More details to come