Why would the Australian government negotiate and agree to a trade agreement that would infringe on your national sovereignty?
Any trade law arbitration would have to be at least be assumed by each country to their mutual benefit.
BTW, Americans are making the same argument that the TPP Trade agreement will allow other countries to infringe on US laws too.
Same argument from another side -- both sides cannot be right unless there is a trade policy binding arbitration involved in the agreement ...
US Senator Bernie Sanders says:
http://www.sanders.senate.gov/downlo...ed?inline=file
Quote:
U.S. sovereignty will be undermined by giving corporations the right to challenge our laws before international tribunals.
The TPP creates a special dispute resolution process that allows corporations to challenge any domestic laws that could adversely impact their “expected future profits.”
These challenges would be heard before UN and World Bank tribunals which could require taxpayer compensation to corporations.
This process undermines our sovereignty and subverts democratically passed laws including those dealing with labor, health, and the environment.
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