Comprehensive and Progressive Agreement for Trans-Pacific Partnership: Dispute Resolution

(asked on 25th April 2022) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, pursuant to the Answer of 25 April 2022 to Question 155768, in addition to the scoping assessment published on 22 June 2021, whether her Department has made additional assessments of the potential impact of investor-state dispute settlements on the UK's Net Zero policy.


Answered by
Penny Mordaunt Portrait
Penny Mordaunt
Lord President of the Council and Leader of the House of Commons
This question was answered on 28th April 2022

The UK has Investor-State Dispute Settlement arrangements with 90 treaty partners and has never lost a case or even been taken to a tribunal under these provisions. UK firms have over £100 billion invested in Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) countries, including pension funds. The CPTPP investment chapter offers protection for UK investments and businesses abroad. CPTPP protects countries right to regulate and will not undermine the UK’s net zero objectives.

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