Similar to the TPP, this trade agreement will institutionalise inequalities;it will severely curtail peoples’ rights and freedoms and cement corporate rights over national public interest law and the right of governments to govern in the interests of their constituents.
95 civil society organisations strongly and publicly urge countries negotiating the Regional Comprehensive Economic Partnership to reject ISDS in the agreement.
RCEP trade ministers will meet in Laos on August 5 to try and resolve issues that are stuck in negotiations.
Secretive negotiations for the China-led Regional Comprehensive Economic Partnership or RCEP began in November 2012. The 13th round is being held at SkyCity in Auckland.
The Philippines has a web of investment treaties which severely constrain the government’s ability to regulate or close polluting mines, a legal straitjacket that will become even tighter if the EU–Philippines Free Trade Agreement and the Regional Comprehensive Economic Partnership (RCEP) proceed
Overall, the investment chapter is designed to give private parties the right to extract costly damages from governments that implement policies that harm profits.
New Delhi’s higher level of commitment on investment, services may become template for bilateral treaties
New report shows that trade and investment deals like RCEP will further adversely affect the ability of the government of India to tax corporations effectively and fairly.
Officials from 16 countries will try to wrap up negotiations by the end of 2016 on integration in trade, services and investment under the Regional Comprehensive Economic Partnership (RCEP).
India is set to propose a non-legal and non-adversarial mechanism to resolve trade-impeding non-tariff measures among the 16 Regional Comprehensive Economic Partnership (RCEP) countries.
While RCEP was initially framed as an agreement that would be more flexible for low and middle income countries, there is evidence that some governments from industrialised countries are seeking to pursue aspects which would be very damaging for developing countries.