Question to the Department for International Trade:
To ask the Secretary of State for International Trade, whether her Department has made an assessment of the financial cost to the Exchequer of potential ISDS claims against the UK on entering the Comprehensive and Progressive Agreement for Trans-Pacific Partnership agreement.
The UK has never lost a tribunal under Investor-State Dispute Settlement (ISDS) provisions despite having such arrangements in place with over 90 treaty partners. UK firms have over £100 billion invested in Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) countries, which will be protected by CPTPP’s investment chapter.