ISDS Case Map
Honduras
Honduras' President Xiomara Castro is on a six-day official visit to China. She launched diplomatic relations with Beijing after cutting ties with Taiwan. The country is also seeking support from China to mitigate its debt burden.
This is related to the complaint made the day before by government functionaries on the absence of legality in the litigation that the ICSID opened on the case of the Employment and Economic Development Zone (ZEDE) against the Government.
Honduras said it will "soon" start negotiations on a free trade agreement (FTA) with China, another bid to rev up economic partnership after the two countries established diplomatic relations in March.
Democratic U.S. lawmakers on Wednesday urged the U.S. Trade Representative and State Department to eliminate investor-state dispute settlement provisions from current and future trade deals
Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking some $380 million from the Central American country in arbitration proceedings.
US investors Honduras Próspera Inc. and its affiliates filed claims with the International Centre for Settlement of Investment Disputes against the State of Honduras.
In accordance with the Dominican Republic–Central America–United States Free Trade Agreement, Honduras Próspera Inc. and its affiliates submit to the Republic of Honduras this written notice of their intention to submit claims to arbitration.
US senators argue that abolishing special economic zones known as ZEDEs would violate the provisions of CAFTA-DR, including the provision ensuring “fair and equitable treatment and full protection and security.”
Honduran President wants to review her country’s 2004 trade agreement with the United States, known as the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA).
