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Act up for Fair Trade not Free Trade!

19th July, 11am, 2014
First Fleet Park, Circular Quay
 
The G20 Trade Ministers are meeting in Sydney on the 19th-20th of July. Join AFTINET and the NSWNMA for some street theatre as we speak up for Fair Trade not Free Trade! 
 
 

 

"Safeguards” for investor rights to sue governments in Korea FTA text will not work

“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.

Reply to the Trade Ministers’ claims that “safeguards” in trade agreements prevent investors from suing governments over health and environmental legislation

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.

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