World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


Japan FTA secret text means announcement lacks detail

April 8, 2014

Japan FTA secret text means announcement lacks detail about downsides

“The grand announcement about the Japan-Australia economic partnership agreement was made yesterday, but the text of the agreement remains secret. This enables a splash to be made about claimed benefits without public scrutiny of the downsides of the deal,” Dr Patricia Ranald, Convenor of the Australian Fair Trade and Investment Network, said today.

“The only available official information is a short website summary from the Department of Foreign Affairs and Trade, which is mostly selected information about increased market access for selected Australian agricultural products. There is no detail, for example, about the impact of what appears to be the immediate reduction of Australian tariffs on Japanese car imports. This could have an even more severe impact on employment in that industry which is already facing closure in three years’ time”, said Dr Ranald.

“We are relieved that the agreement appears not to include the right of foreign investors to sue governments over domestic legislation, known as investor-state dispute settlement or ISDS. We have campaigned strongly against this and thousands of social media messages expressing strong opposition were sent to the Trade Minister,” said Dr Ranald. “The Minister claims ISDS is not needed because both Australia and Japan have robust national legal systems. This makes the decision to include ISDS in the Korea FTA very puzzling. Is the Minister claiming that South Korea does not have a robust legal system?”

“In the last two weeks the London Financial Times reported that the German Government rejected ISDS in the US-EU Trans-Atlantic free trade negotiations, and the Indonesian Government is withdrawing from all investment agreements containing ISDS. Ten Latin American countries, South Africa and India have also rejected ISDS. Australia should follow these leads and refuse to include ISDS in any trade agreements,” said Dr Ranald.

“Tens of thousands of Australians have signed social media petitions against ISDS. The Greens have tabled a bill which would ban ISDS from all trade agreements and the Senate Foreign Affairs, Defense and Trade Committee is conducting a public inquiry into ISDS, with submissions closing on April 11. This inquiry will demonstrate that there is a wide range of community opposition, which sees ISDS as a threat to democracy and sovereignty”, said Dr Ranald.

ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

Ebola Cases Reaching Record Low

Highly contaminated waste is removed from an Ebola Treatment Unit and carried with caution to a disposal area, where it will be fed into an incinerator that burns it into ashes. Photo: WHO/R. Sørensen More>>

South Sudan: Pervasive Violence Against Healthcare

Juba, South Sudan, July 1, 2014 - Violence in hospitals and the destruction of medical facilities are denying medical services to many of South Sudan 's most vulnerable people, Médecins Sans Frontières (MSF) said today in a report, South Sudan Conflict: ... More>>

ALSO:

  • UN News - UNESCO chief denounces killing of journalists in South Sudan
  • Increasing Demand For Refined Products Will Increase Prices

    In last week's article I posted a chart from the International Energy Agency'srecent Oil Market Report that shows global demand for refined products catching up to supply by the 3rd quarter of this year. My opinion is that all of the analysts who are now ... More>>

    ALSO:

    Terrorist Attack On Hotel In Libyan Capital

    27 January 2015 – The United Nations Security Council today condemned in the strongest terms the deadly terrorist attack against the Corinthia Hotel in Tripoli, Libya, and underlined the need to bring the perpetrators, financiers and sponsors of such ... More>>

    ALSO:

    Malawi In Urgent Need After Intense Flooding

    Torrential rains in Malawi have caused dozens of deaths, with hundreds of people still missing. Photo: UNDP/Arjan van de Merwe More>>

    Lack Of Funding Hampering Aid To Syria

    Deputy Emergency Relief Coordinator Kyung-wha Kang briefs the Security Council on the situation in Syria. UN Photo/Eskinder Debebe More>>

    Spy Agency CSE Is Monitoring Our Private Online Activities

    Breaking - Spy agency CSE is monitoring our private online activities on a massive scale and sharing sensitive data with other governments More>>

    UN ‘blue Helmet’ Killed Near Lebanon-Israel Cross-Fire

    28 January 2015 – A United Nations peacekeeper with the UN Interim Force in Lebanon ( UNIFIL ) was killed today near the border with Israel but the precise cause of death is as yet undetermined and remains the subject of investigation, according ... More>>

    ALSO:


    Get More From Scoop

     
     
     
     
     
    World
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news