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ECONOMY > Trade

New Zealand seeks modification of TPP’s trade dispute settlement mechanism

  • November 1, 2017
  • , Asahi, Mainichi, Nikkei, Sankei, Tokyo Shimbun
  • JMH Summary

Most papers focused on the ongoing meeting in Chiba Prefecture among the TPP chief negotiators, noting that although New Zealand has agreed under its new Labour Party prime minister to a swift effectuation of the regional free trade pact, it has called for a revision of the investor-state dispute settlement (ISDS) clause on the grounds that the provision would put domestic enterprises at a disadvantage via-a-vis their foreign rivals. Sankei said that since the new New Zealand government appears to have abandoned its previous position of seeking renegotiation of the TPP, the 11 member states may now be able to agree on its early effectuation when their leaders meet on the sidelines of the upcoming APEC summit in Vietnam.

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