People, Profit and the Pandemic

It’s no secret that Investor-state dispute settlements (ISDS) clauses in trade agreements have cost the Canadian government tons of public funds. ISDS clauses are bad public policy. They put the interests of corporations over people and weaken democracy.

ISDS clauses present a real threat to the public interest as governments respond to the pandemic. The legal departments of multinational firms are humming as they prepare to sue governments for alleged lost profits due to public health orders during the pandemic. Meanwhile, intellectual property provisions in trade deals risk making it too difficult or too expensive for many countries to roll out a COVID-19 vaccine in a timely way. So far, Canada has refused to support an initiative at the WTO that would cost Canadians nothing, but make a big difference for people in many other countries.

Daniel and the NDP stand in solidarity with people across the world who want trade justice during the pandemic. That means protection for people, instead of protection for corporate profits. Read Daniel’s message to the government here.

If you agree that ISDS is a bad public policy let us know here