Cecilia Olivet, Jaybee Garganera, Farah Sevilla, Joseph Purugganan
24 May 2016
Mining firms have been one of the main corporate sectors worldwide to take advantage of investor-state dispute mechanisms to sue states for regulation of mining, having sued governments for a total of USD 53 billion so far. The Philippines, one of five countries worldwide with the highest overall mineral reserves, has a web of investment treaties which severely constrain the government's ability to regulate or close polluting mines. This legal straitjacket will become even tighter if the EU–Philippines Free Trade Agreement and the Regional Comprehensive Economic Partnership (RCEP) proceed.
At the turn of the 21st century, farmland was still considered an investment backwater by most of the financial sector. Although some insurance companies have had farmland holdings for years, most financial investors found farmland, and agricultural investment in general, unappealing compared to the much higher returns to be made in financial markets.
While the first move of Aung San Suu Kyi has been to form a national reconciliation government, followed by restructuring, streamlining and planning so that her administration can function, the handling of the country’s faltering peace process has now risen to become one of the most urgent and essential challenges on the NLD's must-do list.
In the volatile and fragile context of Myanmar's nascent democratic reform, investment protection treaties must not be allowed to negatively affect processes that would make Myanmar more peaceful and democratic.
One week before the official Asia-Europe government meeting (ASEM) gathers in Milan, over 400 people from 42 countries in Europe and Asia gathered at the 10th Asia-Europe Peoples forum (AEPF) to present their demands and recommendations.