An important example of international-state dispute settlements (ISDS) in action that we could easily see land on our own doorstep should the TTIP go through. Philip Morris vs Uruguay: Philip Morris is suing Uruguay – population 3.4 million – over its decision to increase the size of health warnings on cigarette packets from 50 per cent of the cover to 80 per cent. Uruguay, whose GDP of $53bn (£32bn) is dwarfed by Philip Morris’s annual revenues of $80bn, went ahead with its smoking curbs unbowed by the litigation, which has been dragging on since 2009 at a cost to the country of millions of dollars. Despite the lawsuit, it has gone further, banning cigarettes from being on show in shops
Posted on: Wed, 22 Oct 2014 11:47:08 +0000
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