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eridani

(51,907 posts)

7. ISDS isn’t a one-time, hypothetical problem – we’ve seen it in past trade agreements

Thu Dec 31, 2015, 04:03 AM

Dec 2015

Just in the past few years:

A French company sued Egypt after Egypt raised its minimum wage.
A Swedish company sued Germany because Germany wanted to phase out nuclear power for safety reasons.
A Dutch company sued the Czech Republic because the Czech Republic didn't bail out a bank that the Dutch company partially owned.
Philip Morris is using ISDS right now to try to stop countries like Australia and Uruguay from implementing new rules that are intended to cut smoking rates – because the new laws might eat into the tobacco giant’s profits.

Someone explain WTF any of this has to do with trade.

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Highlight:

9 Disastrous Ways the TPP Will Affect Your Daily Life [View all] Ferd Berfel Dec 2015 OP

The 1%, the media, Wall St. All working against us. Jackilope Dec 2015 #1

New environmental accord takes care of much what is not in TPP. TPP will improve labor standards Hoyt Dec 2015 #2

The 1 percenters in all countries just love the fucking that the 99% will get n/t eridani Dec 2015 #6

I can't fathom anyone here supporting TPP Ferd Berfel Dec 2015 #11

Just depends on whether you are like Scandinavian, European, etc., and other major countries -- Hoyt Dec 2015 #12

Elect Bernie! AzDar Dec 2015 #3

Why do people support Hillary? ViseGrip Dec 2015 #4

Because she has stated her opposition to TPP philosslayer Dec 2015 #9

K&R CharlotteVale Dec 2015 #5

ISDS isn’t a one-time, hypothetical problem – we’ve seen it in past trade agreements eridani Dec 2015 #7

You are right. ISDS exists in the WTO, NAFTA and every other trade agreement/organization. pampango Dec 2015 #10

No corporation should ever have the right to overrule an elected government. n/t eridani Dec 2015 #13

K&R Scuba Dec 2015 #8