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In reply to the discussion: NAFTA's ISDS: Why Canada Is One of the Most Sued Countries in the World [View all]pampango
(24,692 posts)41. It will be interesting to see if the ISDS rules in the TPP are any better than in NAFTA.
From Japan: TPP sets limit on corporate suits
The Trans-Pacific Partnership free trade pact limits the period for foreign companies to file damages lawsuits against host states over sudden regulatory changes to 3½ years, Jiji Press learned Wednesday.
The limit, included in a TPP provision on investor-state dispute settlement, is designed to prevent abuse of litigation by multinational businesses. ISDS gives the legal basis for foreign businesses to challenge sudden changes in host country regulations.
Japan and the United States had pushed for the introduction of ISDS in an effort to help their companies go overseas. They successfully persuaded Australia and other reluctant countries by proposing the limit.
The ISDS provision allows member governments to introduce regulations about medical care and the environment at their own discretion. The provision also states that member governments will not be forced to change regulations even if they lose lawsuits from foreign businesses.
http://the-japan-news.com/news/article/0002510148
I don't know if this analysis is based on an actual reading of the TPP text or is based on rumor or leaks of previous drafts. If - a big IF - "member governments will not be forced to change regulations even if they lose lawsuits from foreign businesses" - that would be a big deal.
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NAFTA's ISDS: Why Canada Is One of the Most Sued Countries in the World [View all]
eridani
Oct 2015
OP
It will be interesting to see if that is true. This article from Japan indicates that it might not.
pampango
Oct 2015
#7
I get so frustrated and annoyed with the people that say that the U.S. has never lost
stillwaiting
Oct 2015
#6
Tell that to those in rural South Carolina or Tennessee working for a foreign auto company.
Hoyt
Oct 2015
#38
How, if people want a Toyota, they'd buy them whether built in Japan or Mexico. I'd rather
Hoyt
Oct 2015
#55
That's like claiming credit for feeding the horses because you let them out of the barn.
fasttense
Oct 2015
#42
"Countries that don't sign as many free trade agreements have better economies overall."
pampango
Oct 2015
#40
Sure, every country in the world -- including Denmark -- are corrupt for signing 2500 similar
Hoyt
Oct 2015
#18
It's true that huge corporations from all over the world have their tentacles into many countries
fasttense
Oct 2015
#43
Harper is no longer there, do you think it will pass? Nor was Harper there for NAFTA.
Hoyt
Oct 2015
#28
So all these countries that sign these agreements -- including Scandanavian -- are corrupt.
Hoyt
Oct 2015
#50
Well they all -- including Denmark -- must be corrupt if they are bowing to corporations.
Hoyt
Oct 2015
#54
I think 'eminent domain' should work in the opposite direction, too, i.e for.
Joe Chi Minh
Oct 2015
#15
http://economixcomix.com/home/tpp/ (Economix explains the Trans-Pacific Partnership)
Babel_17
Oct 2015
#30
A flat ban on environmental poisons applies to both Canadiean and foreign companies
eridani
Oct 2015
#35
It will be interesting to see if the ISDS rules in the TPP are any better than in NAFTA.
pampango
Oct 2015
#41