Trade and Investment
MAKATI CITY, Philippines – On Valentine’s Day, around 100 members of the ASEAN Civil Society Conference/ASEAN Peoples’ Forum 2017-Philippines National Organizing Committee (NOC) wearing red shirts marched to the Department of Trade and Industry (DTI) to deliver the Philippine CSOs’ position and demands on the ASEAN Economic Community (AEC).
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].