ISDS Expansion

 

Even at a time when the ugly reality of ISDS can no longer be ignored, corporations are pushing to expand the system further. Expanding and locking in this extreme corporate power grab would vastly increase the chances of more laws being attacked and more taxpayer money being grabbed by corporations. Mega-trade and investment pacts on the horizon would expand the extreme corporate rights delivered by the ISDS system — unless We the People organize to stop them. 

Multinational corporations seek to maintain and deepen the threats of ISDS in the context of the North America Free Trade Agreement (NAFTA) renegotiations among the United States, Canada and Mexico. Already, $392 million of taxpayer money has been paid out, with more than $36 billion pending. We must organize to oppose any renegotiated NAFTA that maintains the toxic ISDS system.

The proposed Transatlantic Trade and Investment Partnership (TTIP) is an even greater threat of ISDS expansion. If completed and approved, it would newly empower more than 81,000 corporations and subsidiaries from the United States and European Union to launch ISDS attacks. Thanks to the massive opposition to ISDS in Europe, the TTIP talks stalled and have been put on hold, but powerful interests are pushing to resurrect them.

 

If ISDS-expansion pacts like the TTIP were to go into effect, the recent horrendous examples of ISDS corporate attacks against our public health, safety and environmental laws would be just the tip of the iceberg. Specialized corporate law firms are gearing up to take advantage of this potential bonanza of tens of thousands of new opportunities to raid public treasuries.

See the expanded ISDS threat that the TTIP would bring to each U.S. state with this interactive map, which also shows what the ISDS threat of the TPP would have been.

The good news is that a major ISDS threat was averted when trade activists around the world succeeded in stopping the Trans-Pacific Partnership (TPP). The inclusion of ISDS in the deal was one of the primary factors motivating the thousands of diverse organizations representing working people united across borders. Thanks to their work, the TPP never received sufficient support in the U.S. Congress to be ratified. The TPP would have newly empowered more than 75,000 corporations and subsidiaries to launch ISDS corporate attacks against public interest laws.

Corporations That Would Be Newly Empowered Under the TTIP

Map Legend: icon indicates a corporation based in...

Austria

Belgium

Germany

France

other EU country

Italy

the Netherlands

Poland

Sweden

the U.K.

Spain

the U.S.

Map Legend: icon indicates a corporation based in...