Community groups oppose ISDS in TPP-11 talks as US dumps ISDS in NAFTA, and NZ also says no
November 6, 2017 “The Australian Government should oppose foreign investor rights to sue governments in the talks attempting to resurrect the TPP without the US later this week,” AFTINET Convener Dr Patricia Ranald said today.
The talks will take place in da Nang, Vietnam on November 8-9, ahead of the APEC meeting to be held on November 10.
“Investor-State Dispute Settlement, known as ISDS, allows foreign investors to bypass national courts and sue governments for millions of dollars in unfair international tribunals, as occurred when the Philip Morris tobacco company sued the Australian government over our public health tobacco regulation. Most TPP governments only reluctantly agreed to ISDS in the original TPP because the US insisted on it as a condition of access to US markets. With the US no longer involved it makes no sense for the Australian government to continue to support it,” said Dr Ranald