PARLIAMENTARY WRITTEN QUESTION
(25 November 2024)
Question Asked
To ask the Secretary of State for Business and Trade, if he will initiative a review of UK treaties containing Investor-State Dispute Settlements.
Asked by:
Abtisam Mohamed (Labour)
Asked by:
Abtisam Mohamed (Labour)
Answer
The UK is party to 83 Bilateral Investment Treaties (BITs) that contain investment protection and Investor-State Dispute Settlement (ISDS). In 2022, these BITs covered at least £195 billion of UK investment overseas.
ISDS provides an independent means to resolve disputes with states where investors believe they have experienced arbitrary, discriminatory or unfair treatment or expropriation without adequate compensation.
The Government has no plans to review UK treaties containing ISDS.
Answered by:
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