Extract from “Investment and ISDS in the TPP”

United Nations Independent Expert on the promotion of a democratic and equitable international order, Alfred de Zayas, has called for the abolishment of ISDS. ‘Over the past 25 years bilateral international treaties and free trade agreements with investor-state dispute settlement have adversely impacted the international order and undermined fundamental principles of the UN, State sovereignty, democracy and the rule of law.It prompts moral vertigo in the unbiased observer,’ he noted.

‘Far from contributing to human rights and development, ISDS has compromised the State’s regulatory functions and resulted in growing inequality among States and within them,’ the expert stated

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