The forced re-regulation of Queensland’s $2 billion sugar industry could breach international trade agreements and threaten foreign investment, Queensland Deputy Premier Jackie Trad said.
Global Development And Environment Institute | 2-Dec-2015
TTIP is intended to remove “non-tariff barriers to trade”. But the barriers it is targeting are democratically adopted regulations, preventing or correcting damages that would result from unregulated private markets.
Foreign investor protection provisions in trade and investment agreements tilt the playing field in favor of entrenched incumbents and against urgent action on climate.
This report explains how the European Union is aggressively pursuing special rights for businesses whilst hampering efforts to hold corporations responsible for the human rights violations they commit.
The resolution calls for an international forum on the implementation of measures to better protect the rights of sovereign countries from exploitative multinationals.
For India, the U.S.-driven Trans Pacific Partnership will skew investment and intellectual property rights, and especially the debate over the Investor State Dispute System which allows companies to challenge soverign rights and public policy.