Greens spokesperson for Trade, Senator Peter Whish-Wilson, provides the following comments on today’s leak of the Investment Chapter of the Trans-Pacific Partnership (TPP) agreement that indicates the deal will include the controversial and dangerous Investor-State Dispute Settlement (ISDS) clause.
Senator Whish-Wilson said, “The Senate recently heard evidence that ISDS clauses are now proving dangerous, with hundreds of cases proliferating around the world in recent years.
“They are completely unnecessary and represent a clear threat to the sovereignty of our nation, simply in order to satisfy powerful corporate interests and their deregulation agendas.
“Australia should not enter into any trade deal that gives special rights to corporations to sue a government simply for making decisions in the public interest.
“The Greens have moved legislation in federal parliament to have them banned from trade deals. Our simple message is: wrong way, go back.
“This should be a wake-up call to the Australian Senate not to simply be a TPP rubber stamp for a government rushing to sign trade deals for a headline.
“Labor and the cross-bench must indicate now, before it is too late, that they won’t ratify a deal that includes ISDS.
“It continues to be outrageous that Australians only ever hear about the details of what is in this deal from leaks,” he concluded.
Leaked text of the TPP investment chapter can be found here