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

(asked on 21st November 2023) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether she has made a recent assessment of the potential impact of the investor-state dispute settlement within CPTPP on the water utilities sector.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 29th November 2023

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership investment chapter includes investment protections that are backed by a modern and transparent investor-state dispute settlement mechanism. These provisions play an important role in protecting UK investors abroad and levelling the playing field. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership also protects states’ right to regulate proportionately, fairly and in the public interest, including in relation to the UK’s water industry.

The UK already has investment agreements containing investment protections and Investor-State Dispute Settlement provisions with over 90 trading partners and there has never been a successful Investor-State Dispute Settlement provisions claim brought against the UK.

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