U.S. Council for Int'l Business Seeking Investor-State Dispute Settlement in TPP
The U.S. Council for International Business is seeking to secure an investor-state dispute settlement mechanism in the Trans-Pacific Partnership investment provisions. USCIB and its partners in other business associations believe that a rules-based system for cross-border investment, backed by an…
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investor-state dispute mechanism, provides the certainty that global business requires to lower risk and operate more efficiently in today’s global economy. According to USCIB, all TPP negotiating parties except Australia appear to favor inclusion of investor-state mechanism. Consequently, USCIB is seeking to work with the Australian business community to promote greater awareness of the benefits of such a mechanism for trade and investment across the trans-Pacific region.