Investor-State Dispute Settlement (ISDS) in Thailand
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Abstract
A very high competition of the world economic development in this eraaffects countries all around the world. Thus trade agreement, investment promotion, and bilateral as well asmultilateral cooperation are performed in order to stimulate the better economy in their countries. Thailand is also cooperating with other countries to gain trade and other benefits. In terms of investment especially that the state invites foreign investors to invest in the public sector, foreign investors are often concerned about the investor-state dispute. Thus the negotiation to settle the dispute must beperformed concisely. One of the alternative procedures for dispute settlement on trade negotiation is the Investor-State Dispute Settlement – ISDS that is a protection mechanism for investors investing in the country. According to ISDS that investors’ ensuring is to confirm for no exploiting, obstructing, and canceling, an additional channel is provided for investors to sue governments or cancel any public policy of the country if it obstructs their operations or potential profit is decreased.[1]On the contrary, there is unstable state policy or political instability which may affect investor contracts. Therefore it is doubtful that: “How much Thailand is prepared to use the ISDS mechanism in this dispute settlement?”, “Is there any disadvantage, and how is it if such termination is an advantage over the implementation of the agreement?”, and “Is it worth of tax paid as compensation for the foreign investors?”
[1] ISDS:ขูดเลือดไทยไปคุ้มครองนักลงทุน.ทิพย์พิมล เกียรติวาทีรัตนะ http://waymagazine.org/isds
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References
กรมเจรจาการค้าระหว่างประเทศ กระทรวงพาณิชย์สืบค้นจาก http://www.thaifta.com/thaifta/Home/%E0%B8%9A%E0%B8%97%E0%B8%84%E0%B8%A7%E0%B8%B2%E0%B8%A1%E0%B8%95%E0%B8%B2%E0%B8%87/tabid/62/ctl/Details/mid/433/ItemID
มติคณะรัฐมนตรีเมื่อวันที่ 28 กรกฎาคม 2552 เรื่อง การทำสัญญาระหว่างรัฐกับ เอกชนสืบค้นจากhttps://eeas.europa.eu/headquarters/headquartershomepage/12522 /node/12522