-TPP countries have agreed to allow foreign companies to sue - TopicsExpress



          

-TPP countries have agreed to allow foreign companies to sue governments in any international court (usually ICSID, based in Washington) for compensation. -These investor-to-state disputes can cost countries a lot. A court awarded an American oil company US$2.3bil (RM7.1bil) against Ecuador’s government in 2012. Indonesia is being sued US$2bil (RM6.2bil) for withdrawing a contract that a state government made with a Britain-based company. -There is also a sub-chapter on state-owned enterprises (SOEs). The United States and Australia are proposing disciplines on the operations of SOEs, including commercial companies in which the government has a share. -This would restrict the state to state’s ability to govern or manage government-linked companies, or provide them incentives and preferences. This would have serious implications for developing countries whose success is based on the role of the state in the economy and on public-private sector partnerships. thestar.my/Opinion/Columnists/Global-Trends/Profile/Articles/2013/07/15/What-to-expect-in-TPPA-talks.aspx
Posted on: Thu, 25 Jul 2013 09:04:52 +0000

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