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Biden block of Keystone XL Pipeline exposes ISDS threat to other government actions on global warming

January 27, 2021: Incoming US President Joe Biden has cancelled a vital permit for the environmentally contentious Keystone XL pipeline proposed to take Canadian tar sands to refineries in Texas. This decision to protect the environment could trigger a compensation claim under Investor-State Dispute Settlement or ISDS.

Unequal COVID-19 vaccine distribution is a humanitarian crisis and an economic loss for rich countries

January 25, 2021: The Paris-based International Chamber of Commerce has commissioned a team of economists affiliated with Harvard University, the University of Maryland and Istanbul’s Koc University, to examine trade data across 35 industries in 65 countries, which explores the economic impacts of unequal COVID-19 vaccine distribution.

The Biden Presidency trade policy: implications for Australia and the world

January 21, 2021: Incoming US President Joe Biden has immediately issued Executive Orders which reverse major Trump policies over the last four years, beginning with re-joining the World Health Organisation and plans to address deadly COVID-19 pandemic, reversing his environmental agenda including re-joining the Paris Climate Agreement, cancelling his anti-immigration policies, bolstering the economy and restoring federal efforts to promote diversity.

International trade agreements didn’t feature.

Crucial debate at World Trade Organisation on access to COVID-19 medicines– WHO Chief calls out “catastrophic moral failure”

January 19, 2021: The World Trade Organisation TRIPS Council is today debating again the proposal by India and South Africa, supported by 100 countries, to waive various intellectual property provisions on COVID technology. Big Pharma has defended its 20-year monopoly on new medicines and the MSF medicine access movement has rebutted their claims.

Study shows how big tech firms are boosted by trade deals and argues for democratic regulation

January 14, 2021: A new study published by Focus on the Global South maps the rapid global growth of digital technology and trade, and the Big Tech firms that are amongst the world’s largest. US firms Microsoft, Amazon, Apple, Google and Facebook dominate global markets but are being challenged by Chinese firms like Alibaba and Tencent, resulting in a technology cold war between US and China.

Clive Palmer’s claims to be a Singaporean company and sue the Commonwealth expose the absurdity of ISDS

December 18, 2020: The Guardian reports that Clive Palmer’s Singapore-based company, established only in 2019, has acted on his threat to sue the Commonwealth Government for billions of dollars using the Investor-State Dispute Settlement (SDS) clauses in the Singapore-Australia free trade agreement.

COVID-19 trade report recommends changes to local manufacturing, govt procurement and rights of international shipping crews

December 15, 2020: The Report of the Joint Standing Committee on Foreign Affairs Defence and Trade on the implications of the COVID-19 pandemic for Australia’s foreign affairs defence and trade policies was tabled in Parliament on December 8.

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