Trade and Investment

The recent investment arbitral decision on the Baagerwerken Decloedt En Zoon (BDZ) versus the Philippines case in favor of the Belgian corporation should be a wake up call to the Duterte administration on the dangers posed by free trade and investment agreements to our national interest.

Jakarta, December 8th: The Regional Comprehensive Economic Partnership (RCEP) is being negotiated in Jakarta, Indonesia this week (December 2-10)[i]. If signed, RCEP would grant corporations the exclusive right to bypass domestic legal systems and sue governments at international tribunals whenever they feel government regulation can limit their profits[ii].

The Regional Comprehensive Economic Partnership (RCEP) is currently being negotiated between 16 countries in the Asian region. It includes China, members of the Association of Southeast Asian Nations (ASEAN) and other key trading nations such as Australia, South Korea, Japan and India.

BY SOPHEA CHREK

“We, 164 families, have been faced with drought, insects and worms that are destroying our crops and that led to a lesser yield; the harvested yields are sold at a low price on the market,” reads the letter of families affected by the rice price crisis to the Phnom Penh Post.[1] These families sought the help of the Prime Minister to secure loans that could cushion the impact of the crisis.

Pages

Subscribe to Trade and Investment