4.3 • 2.6K Ratings
🗓️ 21 July 2015
⏱️ 27 minutes
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The strangely-named investor state dispute settlement (ISDS) system is built into thousands of treaties between countries around the world. It is a key part of negotiations for a new trade and investment treaty between the US and the EU. Michael Robinson digs into the ISDS mechanism to find out these little-known lawsuits are threatening the democratic process.
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0:00.0 | Thank you for downloading from the BBC. |
0:04.0 | The details of our complete range of podcasts and our terms of use, go to BBCworldservice.com slash podcasts. |
0:11.0 | Hello, I'm my slash podcasts. up in arms about new trade treaties now being negotiated. You might think trade is boring, but |
0:27.0 | stick with me because it's certainly not boring now. |
0:30.6 | Hello everyone, welcome to the protest. now. |
0:38.0 | In London and in cities across Europe, protesters organized by social media |
0:41.0 | are loudly opposing a proposed trade treaty between Europe and the United States. |
0:47.0 | If we keep going, we can win, the grassroots can stop this, thank you. |
0:50.0 | A really big issue triggering the protests is a right under the proposed |
0:58.2 | treaty for an investor on one side of the Atlantic to sue a government on the other if they say that |
1:04.5 | government's actions damage their commercial interests. In legal jargon, bear |
1:09.9 | with me, it's known as Investor State Dispute Settlement or ISDS and it's already |
1:16.7 | built into thousands of treaties around the world. In this program we'll examine |
1:22.2 | ISDS how it came into being and why protesters are now saying it poses a threat to democracy. |
1:29.0 | We've seen case after case of environmental policies being challenged, of nuclear |
1:35.5 | power rollback being challenged, of tobacco control policies being |
1:39.0 | challenged. |
1:40.0 | Melinda St Louis is International Campaigns Director for Public Citizen, a large American-based |
1:46.0 | NGO. |
1:47.0 | There's massive opposition to this in Latin America, in Southeast Asia, in India, and South Africa. |
2:00.0 | It truly is a global opposition. |
2:04.0 | One case more than any other gets to the heart of the current controversy |
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