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31 Jan 2020

Global Campaign to reclaim peoples' sovereignty, dismantle corporate power and end impunity (Global Campaign)

Global Campaign comments and amendments to the UN Binding Treaty Revised Draft

"Comments and amendments on the revised draft legally binding instrument on transnational corporations and other business enterprises with regard to human rights, Global Campaign to reclaim peoples sovereignty", January 2020.

The revised drfat of a legally binding instrument on Transnational Corporations (TNCs) and human rights, which is presented to the 5th session of the Intergovernmental Working Group...on this issue is an important sign of continuity in the negotiation process...However, following its analysis, we are deeply concerned about some elements of the revised draft...multiple comments and proposals made emphatically in the fourth and previous sessions to strengthen the text were not incorporated. In particular, most of the proposals which were made during the fourth session by the Global Campaign to reclaim peoples' sovereignty, dismantle corporate power and end impunity (Global Campaign) - which are based on the proposals of affected communities and social movements - were not taken into account...It should be noted that social movements and communities which have been affected by Transnational Corporations' (TNCs) activities have dedicated considerable effrots and resources to participate in the negotiations over past five years...

The primacy of international human rights law over any other international legal instruments, and in particular over trade and investment agreements, is the established principle which has been an integral part of the goal of the Working Group. However, that was removed from the revised draft...