Renegotiations are under way for NAFTA
The United States, Mexico, and Canada are entering into renegotiation talks over NAFTA, the North American Free Trade Agreement. In the 20+ years of its existence, it has caused the loss of 1 million US jobs, and displaced over 1 million small Mexican farmers.1
In the fight against the Trans-Pacific Partnership, or TPP, we warned against the dangers of ISDS, a secret court of three unelected corporate lawyers that lets multinational corporations sue governments for "lost profits" over environmental, health, and safety laws they don't like. What's worse, tribunal decisions are final and cannot ever be appealed.
Like TPP, NAFTA also has ISDS, and now that NAFTA is up for renegotiation, we can get rid of the undemocratic ISDS for good.2
Investor-State Dispute Settlement takes away states' and local municipalities' right to govern for the good of their people. For instance, a US waste management company launched a case under NAFTA's ISDS against a local Mexican municipality for requiring the company to clean up its existing toxic waste sites before expanding. The Mexican government was ordered by the secret ISDS court to pay the company $16 million.3
There is no reason for ISDS to be a part of any trade deal, except to make it easier for corporations to flout the rule of law and play by different rules than the rest of us. Your member of Congress has the power to put an end to this terrifyingly undemocratic feature of NAFTA, by committing to voting NO on any NAFTA renegotiation that includes ISDS.