In one, Philip Morris Asia Australia accused of violating the 1993 bilateral trade agreement between Hong Kong and Australia. Such agreements, known as investor-state contracts allow foreign investors to bring themselves to arbitration for damages against a country.
The case is pending arbitration of the UN Commission on International Trade Law.
In the other, Ukraine, Honduras and the Dominican Republic at the beginning of this year have brought their problems facing the World Trade Organization. Read more

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Australian law challenged under trade agreements

August 14th, 2013 Posted in Tobacco news Tags:

In one, Philip Morris Asia Australia accused of violating the 1993 bilateral trade agreement between Hong Kong and Australia. Such agreements, known as investor-state contracts allow foreign investors to bring themselves to arbitration for damages against a country.
The case is pending arbitration of the UN Commission on International Trade Law.
In the other, Ukraine, Honduras and the Dominican Republic at the beginning of this year have brought their problems facing the World Trade Organization. Read more

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