U.S. Bid to Exit Nafta Arbitration Panels Draws Ire From Businesses
Trump administration circulates plans to withdraw from pact’s investor-state dispute settlement system
The remake of the investor-state dispute settlement system (ISDS) plan drawn up under the U.S. Trade Representative's (USTR) office, has proposed to let the U.S. withdraw from the North America Free Trade Agreement (NAFTA) arbitration system.
"The panels are of more benefit to the U.S. given that it invests more in Mexico than vice versa. The U.S. accounted for 52% of the $15.6 billion in foreign direct investment in Mexico in the first half of this year, " said Trade attorney Carlos Véjar.