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Article

1 Jan 2014

Author:
Paung Ku & Transnational Institute

[PDF] EU - Myanmar Bilateral Investment Treaty Briefing

…Through ISDS [Investor to State Dispute Settlement], foreign investors have many more rights than communities or governments, who cannot file cases against investors at the same international tribunals when for example the environment is polluted or human rights (or public health or labour rights etc.) are violated by the investor…BITs [Bilateral investment treaties] potentially undermine a countries’ long-term economic and social development…BITs favour investor’s rights above those of communities and governments…BITs limit policy space of governments to put in place policy in the public interest…[refers to Aguas de Barcelona, Anglian Water, CMS Energy, Fraport, Philip Morris, Piero Foresti, Suez and Vivendi, Vattenfall]