Investment Court System (ICS): The Wolf in Sheep’s Clothing – Unions For Trade Justice

Investment Court System (ICS): The Wolf in Sheep’s Clothing

 

The new wave of so called “trade agreements” no longer have much to do with trade. Trade is increasingly being used as a cover for agreements that create binding laws away from democratic parliamentary institutions to provide rights to foreign investors and the largest multinational corporations on the planet.

The Investor State Disputes Settlement (ISDS) system whilst not the only troubling aspect of these agreements has become an icon of the shameless extent to which governments have pandered to corporate interests by giving foreign corporations rights that citizens do not have. Rights which do not exist to protect labour, the environmental nor most human rights.

Share on facebook
Share on whatsapp
Share on twitter