Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Investor rights to sue governments hotly debated - TPP talks

December 6, 2012

Investor rights to sue governments hotly debated at Trans-Pacific trade talks in Auckland

“The US proposal in the Trans Pacific Trade Agreement for foreign investor rights to sue governments in international tribunals is a challenge to national sovereignty and should be rejected,” Dr Patricia Ranald, Convener of the Australian Fair Trade and Investment Network, will say in a presentation to negotiators Friday, December 7.

“The Australian government is currently being sued by the Philip Morris tobacco company over its plain packaging legislation, under the provisions of an obscure 1993 Hong Kong investment agreement, even after tobacco companies lost their challenge to the legislation in the Australian High Court,” says Dr Ranald.”This has contributed to the Australian Government decision to refuse to have investor rights to sue applied to Australia in the TPPA.”

The presentation will analyse the reasons behind the Australian High Court decision, which were published in October, and show how international tribunals use legal principles which contradict national laws and threaten national sovereignty. She will urge all governments to oppose investor rights to sue in the negotiations.

Trans-Pacific free trade negotiations between Australia, the US, New Zealand, Peru, Chile, Singapore, Brunei, Malaysia, Vietnam, Mexico and Canada are taking place Auckland, NZ, from December 2 to 9, 2012.

A wide range of civil society organisations have been holding public events and demonstrations in Auckland, and presenting their views to negotiators, said Dr Ranald.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Road Crime: Wicked Campers Vans Classified As Objectionable

The definition of publication includes any "thing that has printed or impressed upon it, or otherwise shown upon it, 1 or more (or a combination of 1 or more) images, representations, signs, statements, or words", The Classification Office has previously classified such 'things' as billboards, t-shirts, and even a drink can. This is the first time the Classification Office has classified a vehicle. More>>

ALSO:

'When New' Repairs: Landmark EQC Settlement

The Earthquake Commission has cut a deal with 98 Canterbury homeowners that affirms the government entity's responsibility to repair earthquake-damaged property to a 'when new' state, as well as covering repairs for undamaged parts of a property and clarifying its position on cash settlement calculations. More>>

ALSO:

Gordon Campbell: On Kiwirail’s Latest Stint In The Dogbox

The denigration of Kiwirail continues. The latest review (based on a 2014 assessment) of the options facing the company have enabled Kiwirail to be hung out to dry once again as a liability and burden on the taxpayer. More>>

ALSO:

Royal Society Report: Good Opportunities To Act Now On Climate Change

There are many actions New Zealand can and should take now to reduce the threat of climate change and transition to a low-carbon economy, a report released today by the Royal Society of New Zealand finds... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news