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