Month: August 2016

Inside the Global Club of ISDS

Imagine a private, global super court that empowers corporations to bend countries to their will. Investor State Dispute Settlement (ISDS) is being used by corporations to evade the law and override the decisions of democratic governments. The cases cited in this investigation are part of a broader system that is removing the power of governments to regulate in the public interest....

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Germany says TTIP deal has failed

Radio New Zealand’s Patrick O’Meara has published an interview with Professor Jane Kelsey on the increasing uncertainty surrounding the future of the Trans Pacific Partnership agreement. Germany’s economic affairs minister, Sigmar Gabriel, has commented that the TransAtlantic Trade and Investment Partnership (TTIP) talks have failed. There has not been a single chapter agreed by the parties after 14 rounds of negotiations. Auckland Law Professor, Jane Kelsey, said that the failure of the TTIP should reinforce the view that the Trans-Pacific Partnership Agreement (TPPA) should also not happen. “The acknowledgement that TTIP won’t happen will reinforce domestically the view that TPPA should not...

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Australia should reject the TPP

Dr. Patricia Ranald, Director of the Australian Fair Trade and Investment Network (AFTINET) argues that the TPP is about giving new rights to global multinationals and removing the rights of governments to regulate in the public interest. Ranald describes why the TPP is terrible for national health systems: The agreement locks in even more monopoly rights on “data protection” for expensive biologic medicines which treat cancer and other life-threatening diseases, and cost thousands of dollars per treatment… an obscure clause in the TPP requires administrative measures which would deliver a “market outcome” equivalent to an extra three years of monopoly....

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TPP won’t improve US Security

The case for the TPP being made in the US now rests on the national security argument – if the US doesn’t get TPP, China will lead on setting trade rules, and this will be a security threat to the US. The argument doesn’t stack up according to influential Washington insider, Clyde Prestowitz. If the combination of the American military presence and their trade surpluses with the United States weren’t enough to mollify Asian leaders, no free trade deal would significantly change the situation. Clyde Prestowitz was the  founder and president of the Economic Strategy Institute, served in the Commerce...

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