Title

Why Some Experts Say Scrapping Part of NAFTA’s Ch. 11 Is Canada’s Biggest Win With USMCA

Document Type

Media Mention

Publication Date

10-5-2018

Source Publication

Global News

Description

While the United States Mexico Canada Agreement (USMCA) is similar to its NAFTA predecessor in many ways, some experts are cheering the removal of a section little-known to the Canadian public — Chapter 11, Section B., or the Investors-State Dispute Settlement (ISDS) mechanism.

Since Canada, the United States and Mexico reached a consensus on an updated free trade agreement on Monday after over a year of negotiations, the focus of the USMCA deal has centered on a couple of things; successions in Canada’s dairy market and Canada’s hamstrung freedom to negotiate a free trade deal with China under new requirements that all signatories be kept up-to-date on trade talks with “non-market” economies.

Comments

Article is written by Jessica Vomiero with commentary by Professor Gus Van Harten.

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