The Australian Greens National Conference held in Canberra this weekend passed the following motion on trade deals and Investor-State Dispute Settlements (ISDS).
That the Australian Greens National Conference notes:
(i) That the world's biggest trade deal - the Trans Pacific Partnership (TPP) Agreement - is close to being finalised by 12 countries including Australia.
(ii) This deal is being negotiated in secret but leaked texts from some of the 29 chapters indicate it will impact on significant matters of public interest, such as copyright laws and Australians' access to cheap and affordable medicines, digital rights and Internet usage, financial services regulations, labour and environmental standards, and the operations of state owned enterprises such as the ABC and Australia Post.
(iii) Negotiations involve the inclusion of dangerous and un-democratic Investor-State Dispute Settlement (ISDS) clauses which hand over rights to big corporations to sue sovereign governments if changes to policy, regulations or legislation might negatively impact on their investments or profits.
(iv) These "new generation" trade deals are not about promoting "fair trade," but are primarily about "standardising" laws and regulations between member countries, motivated by self-interested corporate and business de-regulation agendas
That the Australian Greens national conference:
(i) Opposes secret trade deals that will undermine fair trade, and demands the immediate release of the secret TPP text, so all stakeholders can have input into these important negotiations that impact our future democracy, community and environment. And
(ii) Supports the Greens legislation before the Senate permanently banning ISDS clauses.