Central and Eastern European (CEE) countries find themselves at a crossroad regarding their investment protection policies with the US. This briefing provides evidence that shows that including investment arbitration in the Transatlantic Trade and Investment Partnership (TTIP) will worsen the capacity for CEE governments to regulate.
Why should human rights, environmental and consumer advocate organizations all over the world that are working toward a world different from the corporate-led neoliberal dogma, pay special attention to TTIP?
Citizens and policy makers around the world are increasingly questioning the trade agreement system, especially the investor-state dispute settlement mechanism (ISDS) that enables foreign investors to bypass the legal system of host states and sue governments before private tribunals for any policy, democratically passed law, or judgment of a court that adversely affects them.
Pietje Vervest, Hilde van der Pas, Roos van Os, Roeline Knottnerus
27 ဇန်နဝါရီလ 2015
Dutch investment treaties (BITs) are frequently used by foreign companies to sue governments in the North and South for policies that might harm their future profits. 75% of these cases were brought by mailbox companies with no real economic substance in the Netherlands, making use of the vast web of Dutch BITs and the rights and protection given to foreign investors.
The case of Newmont Mining vs Indonesia is a powerful example of how investment agreements are used by companies to get exemptions from government regulations and legislation, undermining democracy and development.
In March 2014 the European Commission received the negotiation mandate from the EU member States to start negotiating an Investment treaty with Myanmar. But what do BITS mean in practice? Is it in the best interest of the Myanmar public?
Corporations, backed by lawyers, use international investment agreements to scavenge for profits by suing Europe’s crisis countries. While speculators making risky investments are protected, ordinary people have no such protection and – through harsh austerity policies – are being stripped of basic social rights.
Pietje Vervest, Timothé Feodoroff, Giorgina Garibotto et al.
06 မတ်လ 2014
A briefing that explores how a trade agreement currently being negotiated between the US and the EU could open the way to multi-billion euro lawsuits from companies wanting to expand “fracking” for shale gas and oil.
For fairer and more democratic societies, people need to claim control over the EU’s trade and investment policy processes. We need to change EU’s trade and investment policies and the way in which decisions are made.
Cecilia Olivet, Timothé Feodoroff, Pia Eberhardt, Emma Lui, Stuart Trew
13 မေလ 2013
As European Union (EU) member states consider the implications of environmentally risky shale gas development (fracking), negotiations are underway for a controversial EU-Canada Comprehensive Economic and Trade Agreement (CETA) which would grant investors the right to challenge governments’ decision to ban and regulate fracking.