MOSCOW (Sputnik) — Some of the provisions of the Trans-Pacific Partnership Agreement (TPP) would bring "questionable benefit" to Australia, the key economic policy adviser to the Australian Government, Productivity Commission, said in a report published on Monday.
"There are provisions in the TPP that the Commission has previously flagged as of questionable benefit. These include term of copyright and the investor state dispute settlement elements," the report titled Trade & Assistance Review 2014-15 reads.
The report recommended the government "to avoid the inclusion of Investors-State Dispute Settlement (ISDS) provisions in bilateral and regional trade agreements that grant foreign investors in Australia substantive or procedural rights greater than those enjoyed by Australian investors."
ISDS clause of the TPP would allow foreign corporations to sue the Australian government.
The parties to the TPP agreement are the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
Australia's Minister for Trade and Investment signed the TPP on February 4, 2016, yet the further ratification by the Australian Parliament lapsed amid the elections.
