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Canada, Mexico May Keep Nafta Investor Dispute System Without U.S.

Thursday, 26th January 2018

"Canada and Mexico are seeking to preserve dispute-settlement panels only for their own companies in a revamped Nafta deal, if the U.S. insists on opting out them, according to two Canadian government officials familiar with the plans.

Under the tentative plan, Chapter 11 of the North American Free Trade Agreement would survive without the U.S., according to the people, who asked not to be identified talking publicly about private conversations. The U.S. has signaled it wants to opt out of the panels, which arbitrate disputes when a company says a nation has violated their rights and protections.

The idea, floated by Canada at the sixth round of negotiations in Montreal, would mean that American firms would depend on Mexican and Canadian courts to protect their investments. Alternatively, U.S. companies could appeal to the American government to bring a case on their behalf against either Canada or Mexico."

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Language: English
Contact: Josh Wingrove and Eric Martin

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