North America Free Trade Agreement
Pakistan is the latest to start withdrawing from international treaties that give corporations the power to sue governments over environmental and public interest regulations.
Helping left-behind regions should be a core goal of Biden’s administration. The damage has been done, and free trade isn’t going anywhere.
NAFTA-investor lawsuits have cost Canadian taxpayers more than $376 million over the last 25 years, and could cost even more in the years ahead.
The removal of investor–state dispute settlement (ISDS) from the renegotiated NAFTA was a critical victory but Canada, the US and Mexico continue to be enmeshed in an extensive web of bilateral and regional accords containing ISDS.
Recent calls for the US to launch a trade dispute over Mexico’s proposed decree to ban glyphosate and the planting and importation of GM corn mischaracterize the science on glyphosate, the decree and the role of US trade policy.
The complaint represents many organizations’ intentions to test if the revised NAFTA’s labor terms could be an effective tool to improve workers’ conditions.
A group of Mexican migrant worker women have used the U.S.-Mexico-Canada Agreement (USMCA) to launch a complaint over discrimination in temporary labor programs.
Agribusiness giant Bayer/Monsanto claims that Mexico’s proposed restrictions on the active ingredient in its Roundup herbicide violate the country’s trade agreement with the US.
Biden is on the right track in calling for reform. But if the same deregulatory agenda remains in our internationally enforceable trade agreements, Biden’s reforms will come up short, ultimately subverting his agenda and vision.
Free-trade agreements enable companies to sue governments if they interfere with profit-making activities, no matter how destructive. These trade deals put us in an antidemocratic straitjacket — it’s time we got rid of them.
Canadian mining company First Majestic Silver Corp submitted a request for arbitration based on NAFTA, due to the tax debt and its differences with the Mexican government.
US trade representative nominee Katherine Tai has said implementing the new free trade agreement between the United States, Canada and Mexico will be a priority.
A Latin American social media industry group that includes Facebook and Twitter said a reform in Mexico would violate an international trade pact, in swift backlash to a draft bill that seeks to regulate social media platforms.
Alberta’s Premier said that the Canadian province, which has an equity in the now-canceled Keystone XL pipeline, may seek compensation under investor-protection provisions still in effect under NAFTA
The bill gives preference in electricity distribution to the state-run Comision Federal de Electricidad and seeks to eliminate its obligation to buy electricity through auctions.
President Joe Biden’s administration is setting up its trade policy to prioritize enforcement of existing commitments by the US’s partners over negotiating more deals to open new export markets.
ISDS tribunals have ordered governments to pay corporations more than $989 million in compensation after ISDS attacks launched just under U.S. agreements.
The owner of Keystone XL — TC Energy (previously TransCanada) — used NAFTA to launch a US$15 billion lawsuit in 2016 after President Barack Obama cancelled the project.
Alberta believes there was a “very solid” legal basis to seek damages under international free trade agreements if the pipeline is effectively killed, said Alberta Premier
The real winners of free trade are the wealthy in all of the trading countries—not the citizens, workers, or manufacturing.