(en) MULTILATERAL AGREEMENT ON INVESTMENTS

Ewald (ewald@ctaz.com)
Fri, 31 Jan 1997 18:52:06 -0700


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--------------------- Forwarded message: To look at the original communication which is discussed in the following e-mail from the 1996 summit in Lyon, France entitled, "Making a Success of Globalization for the Benefit of All", go to -- http://www.g7lyon.gouv.fr/US/fil/eco.html --Emilie F. Nichols

--------------------- Forwarded message: From: hunt@PENDER.EE.UPENN.EDU (Susan Hunt) Sender: TOES97@LISTSERV.SYR.EDU (The Other Economic Summit USA 1997) Reply-to: hunt@PENDER.EE.UPENN.EDU (Susan Hunt) To: TOES97@LISTSERV.SYR.EDU (Multiple recipients of list TOES97) Date: 97-01-27 13:12:46 EST

Some of you expressed interest in Trade Related Intellectual Property Rights (TRIPs). There is the statement of the International Forum on Globalization on TRIPs.

-- Susan Hunt

THE TEXT OF YOUR MESSAGE FOLLOWS: > Date: Fri, 24 Jan 1997 17:24:52 -0800
> To: "Susan Hunt" <hunt@pender.ee.upenn.edu>
> From: vmenotti@igc.apc.org (Victor Menotti)
> Subject: Re: Announcing TOES97

> * * * * *
>
> STATEMENT OF THE INTERNATIONAL FORUM ON GLOBALIZATION ON THE MULTILATERAL
> AGREEMENT ON INVESTMENTS: A TREATY FOR CORPORATE RIGHTS AND PRIVILEGES,
> JANUARY 13, 1997
>
> This year the industrialized nations of the world are quietly trying to
> finalize a treaty to create a corporate utopia by restricting any local or
> governmental controls over transnational corporate investments throughout
> the world. The treaty, which is called the Multilateral Agreement on
> Investments, would first be approved by the industrialized countries
> within the Organization for Economic Cooperation and Development (OECD) and
> subsequently forced on the rest of the world. A parallel exercise is
> ongoing in the World Trade Organization (WTO).
>
> The treaty would give transnational corporations expansive new rights and
> powers and burden nations with new obligations owed to corporations. It
> would require nations to give foreign investors access to all economic
> sectors. It would abolish the power of citizens and governments to control
> the entry, conditions, behavior, and operations of transnational companies
> in their country. This right is especially vital for developing countries
> as it would effectively close the possibility of domestic capacity
> building.
>
> The adverse social, economic, environmental, and cultural consequences of
> various transnational corporate investments and companies, which now occur
> even when they are subject to government regulation, would be greatly
> magnified. In practice, this means that people anywhere on the globe could
> wake up and find that a local business, forest, or farm, or even an entire
> communications system or an entire employment sector, was bought and is now
> controlled by a transnational company with no interest in the well-being of
> that community.
>
> The power of national or local governments to screen the worst
> transnational corporations or to attach performance requirements to protect
> local people and their environment would be removed by this treaty. But
> the rights given to these corporations would not stop here. The treaty
> would give them the right to binding dispute resolution and enable them to
> initiate lawsuits against governments to protect their interests. Thus,
> these corporations would be able to challenge another country's laws as
> violating global investor rights.
>
> The treaty would prohibit transnational investments from being treated
> differently from local or national investments. In practice, this could
> mean that recycling content laws, local hiring requirements, and other
> community-based regulations could be challenged by a transnational company
> on the grounds that since it is harder for them to comply with such
> regulations, these regulations are discriminatory and therefore illegal.
> In summary, the treaty puts into practice the ideology that the entire
> natural and social diversity of the planet are resources to be controlled
> by global companies.
>
> The International Forum on Globalization, a group of eminent economists and
> leading social and environmental activists which met in San Francisco to
> review the proposed treaty, calls on governments of the world to reject
> this treaty and asks concerned citizens to spread the world about its
> harmful potential impacts on their communities.
>
>
>
__________________________________________________________________________ "Political rights do not originate in parliaments; they are rather forced upon them from without. And even their enactment into law has for a long time been no guarantee of their security. They do not exist because they have been legally set down on a piece of paper, but only when they have become the ingrown habit of a people, and when any attempt to impair them will meet with the violent resistance of the populace."

--Rudolf Rocker "Anarcho-Syndicalism", 1938 (Pluto Press, London, 1989) __________________________________________________________________________

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