ISDS allows foreign investors to sue our Government

Investor-State Dispute Settlement

ACTU polling reveals community opposition to trade agreements that undermine workers’ rights and government sovereignty

October 9, 2019: Australian Council of Trade Unions (ACTU) polling in the seats of Bass, Brand, Corio, Hunter and Rankin reveals 75 - 80 per cent of voters oppose trade agreements that allow additional work visas without first testing if local workers can fill available jobs and that include Investor-State Dispute Settlement (ISDS) provisions that give corporations the right to sue governments for policy decisions that impact on their profit.

AFTINET and Indonesia for Global Justice release joint statement on the Indonesia-Australia Comprehensive Economic Partnership Agreement

October 8, 2019: AFTINET and Indonesia for Global Justice have come together to oppose the inclusion of investor rights to sue governments in the Indonesia-Australia Comprehensive Economic Partnership Agreement.

South Africa, Brazil and Indonesia call for alternatives to ISDS in UN review

September 25, 2019: The South African Government has submitted proposals to the United Nations Commission on International Trade Law (UNCITRAL) review of ISDS. ISDS enables foreign investors to claim compensation from governments in international investment tribunals if they can claim that domestic laws reduce the value of their investment. 

Op-ed: Suddenly, the world’s biggest trade agreement won’t allow corporations to sue governments

September 17, 2019: AFTINET Convener, Dr Pat Ranald, has published an op-ed in the Conversation today about progress in RCEP negotiations after Malaysia’s trade minister Datuk Darell Leiking revealed that Malaysia and each of the other 15 parties to the RCEP negotiations had agreed to exclude ISDS provisions from the deal.

Media reports suggest companies could use ISDS against a future UK Labour government

August 19, 2019: The Financial Times is reporting that a future UK Labour government could face a flood of ISDS claims if it were to attempt to nationalise utility services. The report comes after the Labour Party announced its plan to nationalise the energy grid and other unities if it were elected in the next general election, and warned that compensation could be below market value.

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