If you wanted to convince the public that international trade agreements are a way to let multinational companies get rich at the expense of ordinary people, this is what you would do: give foreign firms a special right to apply to a secretive tribunal of highly paid corporate lawyers for compensation whenever a government passes a law to, say, discourage smoking, protect the environment or prevent a nuclear catastrophe… a process known as ‘investor-state dispute settlement‘, or ISDS.
(The Economist, October 2014)
This Trade Bill the government has written includes ISDS…
Continue reading “The Trade Bill: Report Stage – ISDS”