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Not sure how this would even work. To my knowledge trade deals can only be disputed by signing countries, not corporations. I don't think a bubble gum company i
by charlieyu1 3y ago
Not sure how this would even work. To my knowledge trade deals can only be disputed by signing countries, not corporations. I don't think a bubble gum company in US can sue Singapore for the bubble gum ban, for example.
- spacebanana7 3y agoMany trade deals include an investor-state dispute mechanism in addition to the state-state dispute mechanism. Philip Morris used this to sue Australia over cigarette packaging regulations. This article gives a nice overview of the mechanics [1], albeit with a somewhat hostile tone. [1] https://www.theguardian.com/commentisfree/2021/jun/01/a-clause-in-the-uk-australia-trade-deal-could-let-companies-sue-governments-we-have-been-here-before https://www.theguardian.com/commentisfree/2021/jun/01/a-clau...
- nl 3y agoThe deals can only be signed by countries, but the trade deal treaties have local legal weight or are implemented them using local laws which can then be used in any legal dispute. That's literally the point of trade deals: the purpose is to reduce trade barriers for companies. In broad terms that is a good thing, but there are definitely issues in some cases.