U.S. wants power taken away from panel handling NAFTA disputes

October 16, 2017

American negotiators are looking to change the way disputes are settled under NAFTA, with a series of proposed adjustments to two key chapters of the agreement.

A source with direct knowledge of the talks said that on Saturday, the U.S. introduced its demands for Chapter 11, which regulates the investor-state dispute settlement process, where companies can sue governments when legislation has a negative impact on profits, and chapter 20, the regulations for state-to-state dispute resolutions.

According to the source, the U.S. is looking for changes that would remove the teeth from both chapters.

This was excerpted from the 14 October 2017 edition of CBC News.

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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