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Protect ISDS in NAFTA Renegotiations
The fourth round of NAFTA negotiations begins next week (Oct. 11) and the administration is reportedly considering making a proposal on investor-state-dispute settlements (ISDS) that is far less than the original NAFTA. Reports remain highly concerning with ideas being floated of potential limitations in scope in addition to the reported opt in/opt out proposal.
ISDS is a court system through which individual companies can sue countries for alleged discriminatory practices. Governments put ISDS in place for at least three reasons:
• To resolve investment conflicts without creating state-to-state conflict
• To protect citizens abroad
• To signal to potential investors that the rule of law will be respected
Please join us in calling on the administration and Congress to maintain strong ISDS provisions in any renegotiated NAFTA.