{"id":6008,"date":"2019-04-23T06:34:54","date_gmt":"2019-04-23T11:34:54","guid":{"rendered":"https:\/\/www.iisd.org\/itn\/?p=6008"},"modified":"2024-08-09T18:29:38","modified_gmt":"2024-08-09T16:29:38","slug":"australia-and-indonesia-sign-economic-partnership-agreement-including-isds-mechanism","status":"publish","type":"post","link":"https:\/\/www.iisd.org\/itn\/2019\/04\/23\/australia-and-indonesia-sign-economic-partnership-agreement-including-isds-mechanism\/","title":{"rendered":"Australia and Indonesia sign economic partnership agreement, including ISDS mechanism"},"content":{"rendered":"<p>Australia and Indonesia have now signed their Comprehensive Economic Partnership Agreement (IA-CEPA), bringing to a close a negotiating process that began in <a href=\"https:\/\/dfat.gov.au\/trade\/agreements\/not-yet-in-force\/iacepa\/Documents\/ia-cepa-guiding-principles.pdf\">November 2010<\/a>. The two countries signed the agreement on March 4, 2019. The IA-CEPA also includes an <a href=\"https:\/\/dfat.gov.au\/trade\/agreements\/not-yet-in-force\/iacepa\/iacepa-text\/Pages\/iacepa-chapter-14-investment.aspx\">investment<\/a> chapter and four related annexes, which cover an arbitrators\u2019 code of conduct; expropriation and compensation; foreign investment policy; and public debt.<\/p>\n<p>The IA-CEPA investment chapter includes, among other provisions, an <span class='tooltipsall tooltipsincontent classtoolTips43'>ISDS<\/span> mechanism. The chapter prohibits claims being brought under ISDS that relate to public health measures, as well as those that involve investments \u201cestablished through illegal conduct,\u201d though this excludes investments \u201cestablished through minor or technical breaches of law.\u201d<\/p>\n<p>Frivolous or meritless claims are not allowed under the ISDS mechanism, nor are those that refer to the <span class='tooltipsall tooltipsincontent classtoolTips75'>MFN<\/span> article of that chapter, should the complainant allege \u201cthat another international agreement contains more favourable rights or obligations.\u201d<\/p>\n<p>The agreement must now undergo the ratification procedures of each side\u2019s respective legislatures before it can enter into force.<!--more--><\/p>\n<script type=\"text\/javascript\"> toolTips('.classtoolTips43','investor\u2013state dispute settlement'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips58','soluci\u00f3n de controversias inversionista-Estado'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips63','Bilateral investment treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips65','East African community'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips67','Energy Charter Treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips75','most-favoured nation'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips76','multilateral investment court'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips100','investissement direct \u00e9tranger'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script>","protected":false},"excerpt":{"rendered":"<p>Australia and Indonesia have now signed their Comprehensive Economic Partnership Agreement (IA-CEPA), bringing to a close a negotiating process that began in November 2010. The two countries signed the agreement on March 4, 2019. The IA-CEPA also includes an investment chapter and four related annexes, which cover an arbitrators\u2019 code of conduct; expropriation and compensation; foreign investment policy; and public debt.<script type=\"text\/javascript\"> toolTips('.classtoolTips63','Bilateral investment treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips76','multilateral investment court'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><\/p>\n","protected":false},"author":1,"featured_media":15869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[397],"tags":[1970,1932,1972,1925],"class_list":["post-6008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-australia","tag-bits","tag-indonesia","tag-investor-state-dispute-settlement-isds"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/6008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/comments?post=6008"}],"version-history":[{"count":0,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/6008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media\/15869"}],"wp:attachment":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media?parent=6008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/categories?post=6008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/tags?post=6008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}