L

Lord Fox (LD)

Speaking in the House of Lords on 20 January 2025

Debate

Colombia: Bilateral Investment Treaty

Contribution

My Lords, as we have heard, ISDSs are not rare—there are many of them. However, increasingly they are coming under scrutiny and, moving forward, some countries are not seeking them because, as in high-profile cases such as the ones we have heard about, and in others, democratically elected Governments are being challenged and are having to overturn legitimate public policy. Can the Minister tell your Lordships’ House whether she recognises the improper regulatory chill that these agreements can create for democratically elected Governments? Can she set out, in a general sense, the Government’s position for the future? Will the Government continue to seek ISDS agreements in trade deals that they are currently negotiating?

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