(Quito/Amsterdam, 3 May 2017) A unique international audit commission that examined the benefits and costs of Ecuador’s investment protection treaties will publish its findings on Monday 8 May. The report is to be released 5 days after Ecuador’s National Assembly recommended the government to terminate 12 remaining Bilateral Investment Treaties.
The Ecuadorian government announced yesterday that it will complete the process to terminate its remaining 16 Bilateral Investment Treaties. This decision is based on the recommendation of the audit commission’s 668 page report (In Spanish).
Hyderabad/Amsterdam, July 20. The Regional Comprehensive Economic Partnership (RCEP) is being negotiated in Hyderabad, India this week (July 22). If signed, RCEP would grant corporations the exclusive right to bypass domestic legal systems and sue States at international tribunals whenever they feel government regulation can limit their profits. India is already the target of 40% of all cases filed against RCEP countries. The country also tops the ranking with regard to financial claims: India has been sued for at least 12.3 billion USD by foreign investors since 1994.
The Transnational Institute condemns the last minute decision to block dozens of civil society experts and campaigners from next week's World Trade Organisation summit in Argentina. The decision, apparently made by the Argentinian Government for undisclosed reasons, is unprecedented in recent WTO history.