WikiLeaks leaks the TPP draft again, and the existence of a provision that foreign companies appeal to the country revealed

ByBackbone Campaign

WikiLeaks will draft a new chapter on TPP's investmentleakDid. The leaked draft seems to include a provision giving the right of the enterprise to appeal to the country if the foreign enterprise suffers unfair damage that is betrayed by the initial policy investigation and so on.

WikiLeaks - Secret Trans-Pacific Partnership Agreement (TPP) - Investment Chapter

TPP leak: states give companies companies right to repeal nations' laws - Boing Boing

What is drawing attention this time was written in the drafted TPP draftInvestor vs. State dispute resolution(ISDS) clause. The leaked draft is dated January 20, 2015. It says, "To protect the status of global enterprises by establishing international courts, specifically foreign enterprises with unjust tax payment by law amendment It is written that it is possible to appeal to the country if it is obliged to do so or the investment of equipment invested etc. can not obtain "future profits".

This ISDS clause states that if a multinational corporation can not unreasonably obtain "expected profits in the future" as the laws and policies of the TPP member countries are arbitrarily revised afterwards, It is a mechanism to make payment compensation be paid. In the clause, multinational corporations are seeking aggressive investment in the country of the investee instead of getting this right.

In the past, when the Australian government established restrictions on the solidification of tobacco package design from the viewpoint of public health, American cigarette maker Philip Morris asked the Australian government for damages "Philip Morris CaseAnd Chevron petroleum company in the United States in Ecuador's AmazonIt contaminated the area of ​​the same size as Rhode IslandConflicts between multinational corporations and countries, such as litigation raised as warrants, are not uncommon. There is a view that companies can easily appeal against the country against companies, but if this provision is not approved, multinational corporations are unreasonable in the country of investment It is believed that it is aimed at preventing arbitrary and discriminatory handling to foreign companies by including dispute resolution system in international tribunal as it may possibly suffer unfair damage by policy.

in Note, Posted by logu_ii