Why Some Experts Say Scrapping Part of NAFTA’s Ch. 11 Is Canada’s Biggest Win With USMCA
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.
Vomiero, Jessica and Van Harten, Gus.
"Why Some Experts Say Scrapping Part of NAFTA’s Ch. 11 Is Canada’s Biggest Win With USMCA."
(05 October 2018):