North America Free Trade Agreement | US-Mexico-Canada Agreement
A lawsuit filed against the Mexican government for denying a permit for seabed mining has put a spotlight on the lack of international rules for such practices.
TC Energy expects to get 15 times more money, coming from taxpayers’ pockets, than the asset losses it experienced from the revocation of a permit, that was already denied twice.
The US needs to take enforcement action under the USMCA to address Mexico’s continued refusal to approve genetically modified crops, Biotechnology Innovation Organization President told lawmakers.
The US insists on a stricter way than Mexico and Canada believe they agreed to for counting the origin of certain core parts including engines, transmissions and steering systems in the overall calculation.
The agreement marked the first use of the USMCA’s Rapid Response Labor Mechanism.
TC Energy Corporation filed for compensation under a free trade provision that allows investors to sue governments if they impede profits.
Mexican president announced last year that the country plans to ban genetically modified corn and the use of glyphosate
TC Energy has lodged a US$15 billion Investor-State Dispute Settlement claim against the US government.
Nafta did not improve the lot of most Mexican workers. But like many agreements that reduce tariffs and other obstacles to trade, Nafta was intended to boost the rights of workers in Mexico.
The organizations said including a legal shield for tech companies in trade deals “reflects a broad effort by the big tech platforms to use ‘trade negotiations’ to limit domestic policy options.”
American producers say Canada is denying them fair access to the Canadian market.
Trade ministers held "robust" talks on the new North American trade deal and pledged to fully enforce its higher standards, while downplaying differences over a range of other irritants.
Finley Resources alleges Mexico violated investor protections under the NAFTA trade pact by failing to honor agreements.
The USMCA allows a panel to determine whether Mexico is enforcing labor laws that allow workers to choose their union and vote on contracts and union leadership.
The AFL-CIO, the biggest US labor federation, will file the first petition for the US government to bring a labor complaint against Mexico under the USMCA trade deal.
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.