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Written question asked by Iqbal Mohamed (Independent (affiliation)) on Monday, 13 April 2026, in the House of Commons. It was due for an answer on Wednesday, 15 April 2026. It was answered by Chris Bryant (Labour) on Tuesday, 21 April 2026 on behalf of the Department for Business and Trade.


Foreign Investment: Dispute Resolution

Question

To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential implications for his Department’s policies of Colombia's announcement that it will withdraw from the Investor-State Dispute Settlement (ISDS) system.

Answer

The Government values the role played by the UK-Colombia Bilateral Investment Treaty (BIT) in the investment relationship between our countries. It includes binding investment protection provisions under the ISDS which protect both UK and Colombian investors against unfair and discriminatory treatment, and expropriation without adequate compensation.

My Department has not received a formal approach from its Colombian counterparts to discuss the UK-Colombia BIT or its ISDS provisions.


Secondary information

Type
Written question
Reference
126928
Session
2024-26
Subjects
Foreign investment Colombia Dispute resolution
Link
View this Written question on www.parliament.uk