ISDS and sovereignty: The use of investor-state dispute settlement mechanisms in trade agreements and their impact on national sovereignty
NZ, Business | September 2015
Abstract
With the Trans-Pacific Partnership (TPP) trade agreement negotiations in their final phase, much attention has been given to the issue of Investor State Dispute Settlement (ISDS) and the threat it allegedly poses to New Zealand’s sovereign right to pass laws to protect its citizens and environment. This report answers a few of the most commonly asked questions about ISDS. We conclude that concerns over ISDS in TPP are often overstated. ISDS is not a new concept for New Zealand, and we have negotiated ISDS clauses many times before without ill effects. Unless New Zealand negotiators sign up to an ISDS chapter that doesn’t include the safeguards that exist in our other international agreements, then our ability to regulate sensibly and transparently in the public interest should not be imperilled.
Citation
NZ, Business. 2015. ISDS and sovereignty: The use of investor-state dispute settlement mechanisms in trade agreements and their impact on national sovereignty. © New Zealand Institute of Economic Research. http://hdl.handle.net/11540/9218.Keywords
Financial Stability
Financial Management System
Financial Restructuring
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Economics
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International Economics
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Foreign and Domestic Financing
Foreign Direct Investment
International Financial Market
Multilateral Financial Institutions
Economic Recession
Market
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Growth models
Gross domestic product
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Business Financing
Investment Requirements
Labor policy
Manpower policy
Business recessions
Multilateral development banks
Regulatory reform
Capital
Exports
Economic development projects
Economic policy
Economic forecasting
Investment Requirements
Banks
International banks and banking
Capital movements
Central banks and banking
Bills of exchange
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Banks and banking
Financial crisis
Credit control
Credit allocation
Capital market
International liquidity
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