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Unless the LBI negotiating process is freed of influence by business interests, it risks perpetuating the very corporate impunity it seeks to address.

The Trump administration’s agenda—and the global far-right movement it fuels—must be recognized for what it is: an orchestrated effort to manufacture crises and chaos as a pretext for rolling back human rights, suppressing movements, and consolidating corporate power. This is not just about political maneuvering; it is about entrenching a system that allows corporations and the powerful to operate with impunity while dismantling the structures designed to hold them accountable.

In December 2024, during the 10th session of the Intergovernmental Working Group (IGWG) on Transnational Corporations and Other Business Enterprises with Respect to Human Rights, a delegation of ESCR-Net members convened in Geneva to advocate for a legally binding treaty to regulate corporate power.