2018/09/13: A few years ago, corporate sovereignty -- officially known as "investor-state dispute settlement" (ISDS) -- was an indispensable and important element of trade deals. As a result, it would crop up on Techdirt quite often. But the world is finally moving on, and old-style corporate sovereignty is losing its appeal. As we reported last year, the US Trade Representative, Robert Lighthizer, hinted that the US might not support ISDS in future trade deals, but it was not clear what that might mean in practice. The Canadian Broadcasting Corporation (CBC) site has an interesting article that explores the new contours of corporate sovereignty:
The preliminary trade agreement the U.S. recently reached with Mexico may offer a glimpse of what could happen with NAFTA's Chapter 11 [governing ISDS].
A U.S. official said the two countries wanted ISDS to be "limited" to cases of expropriation, bias against foreign companies or failure to treat all trading partners equally.
A respected human-rights expert at the United Nations, Alfred-Maurice de Zayas, has joined the global movement opposing trade treaties like TPP and TTIP. And he has novel and powerful legal arguments. In international law, de Zayas says, there is a hierarchy of agreements, and at the top is the UN Charter: "in case of conflict
Spesso si accusa chi si oppone al Trattato transatlantico di superficialità. Eppure i motivi per opporsi sono molti e documentati: intanto il Ttip non è una risposta immediata alla crisi. Lo studio del Cerp del 2013 evidenzia come in caso di condizioni ottimali (taglio del 100% delle tariffe e del 25% delle Barriere non tariffarie)
Trade agreements boost economic growth, while destroying lives and livelihoods.