He says "Over the
past decades free trade and investment agreements have had adverse impacts on
the enjoyment of human rights by interfering with the States's fundamental
functions to legislate in the public interest and regulate fiscal, budgetary,
labour, health, and environmental policies".
His report deplores the
paradox resulting from assuming conflicting treaty obligations, where countries
ratify human rights treaties, but then enter into agreements that prevent him
from fulfilling their human rights obligations.
In particular he urges
the abolition of the Investor-State Dispute Settlement mechanism in Trade and
Investment Agreements. He says it "encroaches on the regulatory space of
States and suffers from fundamental flaws including lack of independence,
transparency, accountability and predictability".
"This dispute
settlement mechanism has mutated into a privatised system of 'justice',
incompatible with article 14(1) of the International Covenant on Civil and
Political Rights, whereby three arbitrators are allowed to override national
legislation and the judgments of the highest national tribunals, in secret and
with no possibility of appeal. This constitutes a grave challenge to the very
essence of he rule of law."
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