To conclude recent negotiations over the Trans-Pacific Partnership (TPP), Australia’s trade minister, Andrew Robb, had a few things to say about investor state dispute settlements (ISDS). Namely that “a lot of the statements that have certainly been made in Australia [about ISDS clauses] amount to deliberate scaremongering”. ISDS clauses enable foreign corporations to sue a host country for laws or policies, or even court decisions, they find inconvenient and objectionable. This has the effect of giving foreign investors more rights than local investors; more influence than local citizens.
Posted on: Wed, 29 Oct 2014 10:30:02 +0000
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