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Another Nail In the Coffin Of Corporate Sovereignty, As Massive Asian Trade Deal RCEP Nears Completion Without It

Another Nail In the Coffin Of Corporate Sovereignty, As Massive Asian Trade Deal RCEP Nears Completion Without It

5 years ago
Anonymous $MUlyiGRWxa

https://www.techdirt.com/articles/20190919/08562843024/another-nail-coffin-corporate-sovereignty-as-massive-asian-trade-deal-rcep-nears-completion-without-it.shtml

Remember RCEP? The Regional Comprehensive Economic Partnership is a massive trade deal being negotiated by most of South-East Asia -- including China and India. Although still little-known, it has been grinding away in the background, and is drawing closer to a final agreement. Almost exactly a year ago Techdirt noted that there were some interesting rumors that corporate sovereignty -- officially known as investor-state dispute settlement (ISDS) -- might be dropped from the deal. A story in The Malaysian Reserve confirms that is the case:

After missing several deadlines, member countries of the proposed Regional Comprehensive Economic Partnership (RCEP) have agreed to exclude the investor-state dispute settlement (ISDS) mechanism, a move that might expedite conclusion of the talks by the end of the year.