States sign investment protection agreements among themselves, multinational corporations can sue if they are violated. This is becoming ever more frequent. But more and more States are reacting by terminating those agreements.
The State Secretariat for Economic Affairs (Seco) has replied to our opinion, published in Le Temps on December 6th. We publish it here, with the counter-reply and the arguments of its author, Isolda Agazzi.
In 2010, Philip Morris filed a complaint against Uruguay over its anti-tobacco legislation. The tobacco giant sued for US$25 million in compensation. On 8 July 2016, Uruguay received a favourable award. Why this lawsuit should never have existed.
Switzerland negotiated a free trade agreement with China between January 2010 and July 2013. Swiss NGOs, including Alliance Sud, urged the Federal Council to ensure that the agreement include respect for and promotion of human rights.