Trade Agreements: Australia

(asked on 7th June 2021) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what recent assessment she has made of the potential merits of excluding the investor-state dispute settlement mechanism from the UK-Australia trade agreement.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 10th June 2021

The precise details of a free trade agreement with Australia are a matter for formal negotiations, and the Government would not seek to pre-empt these discussions.

If it is deemed that a legal mechanism is appropriate for resolving investment disputes, the mechanism will reflect modern practice, deliver fair outcomes of claims, require high ethical standards for arbitrators and include transparent proceedings.

There has never been a successful Investor State Dispute Settlement claim against the United Kingdom, nor has the threat of potential claims affected its legislation.

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