Critical NAFTA negotiations resume next week

The second round of NAFTA renegotiations will take place next week in Mexico City.

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One of the more controversial points under discussion is the possible replacement of the Investor-State Dispute Settlement (ISDC) system. Three major business groups oppose the elimination of these dispute panels whereby individual country corporations are able to sue governments for damages if they believe governmental decisions improperly diminish the value of their foreign investments.

The US Chamber of Commerce, National Association of Manufacturers (NAM) and Busi0ness Roundtable delivered a letter to the Trump administration supporting the retention of ISDS.

The US Trade Representative (USTR), which is negotiating the NAFTA on behalf of the US, would make the ISDC scenario voluntary in the future. The major objection to the ISDC is from labor and environmental groups as a way to circumvent domestic laws an regulations. If you have concerns, please contact your elected congressional representatives as soon as possible to present your viewpoint.

Fred Baehner – IBNewsmag

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