1,000 signatures reached
To: Cabinet Ministers
Stop foreign investors suing our governments – reject the Korea trade deal
We ask you to reject the Korea-Australia Free Trade Agreement which allows foreign investors to sue our governments for millions of dollars in international tribunals.
Including investor-state dispute settlement (ISDS) in this agreement means that foreign investors can sue national, state and local governments if investors claim that laws or policies have “harmed” their investment.
Attempts to exclude health and environmental laws and policies from investor rights to sue governments have not been effective. Such “exclusions” in the Peru –US Free Trade Agreement didn’t stop the Renco lead mining company from suing the Peruvian government when they were required to clean up their lead pollution.
We do not want our sovereignty and democracy to be undermined in the Korea-Australia Free Trade Agreement, the Trans-Pacific Partnership, or any other agreement.
Why is this important?
Trade Minister Andrew Robb recently announced a free trade agreement with Korea which includes the right for foreign investors to sue our governments over Australian laws and policies. This undermines our national sovereignty and democracy, and would cost our governments millions of dollars.
But the deal has not yet been signed. Cabinet Ministers must endorse the agreement so that Minister Robb can sign it.
Sign this petition asking each Cabinet Minister to reject any trade agreement which undermines our national sovereignty and democracy.