ISDS Case Map
US
The dream of Próspera, founded by a US corporation off the coast of Honduras, was to escape government control. The Honduran government wants it gone but Próspera filed an astronomical $10.775 billion lawsuit against the state.
Back when it was signed, many saw the Swiss-China FTA as the precursor for a trade deal between China and the EU, but then things changed and now Switzerland is going its own way.
The draft legislation also proposes modifying AGOA’s rules of origin to allow inputs from North African nations that are members of the African Continental Free Trade Area.
The outgoing Biden administration and the Ruto government are scrambling to conclude the much-delayed free trade agreement first inked during the Donald Trump era
"Outdated trade rules like ISDS can pose a real threat to states' sustainable energy initiatives and the good-paying jobs they create," said one lawmaker from Maine
US Secretary of State Antony Blinken has assured a newer, revamped version of the African Growth and Opportunity Act (Agoa) as the current administration fully supported the re-authorisation of the trade deal.
Members of Congress, grassroots activists, and civil society organizations from the US and Latin America urged the United States to use the Americas Partnership for Economic Prosperity (APEP) to undo the damage of decades of corporate-dominated trade policy.
The welcome decision shines a light on Canada’s flawed defence in similar investor-state case against Canada.
Imagine a scenario where a private company effectively creates and controls its own jurisdiction within a sovereign country. This company introduces its own currency, enacts laws, and establishes courts, prisons, police forces and even intelligence services.
The World Bank has dismissed Canadian oil company TC Energy's $15 billion ISDS case against the US sought due to lack of jurisdiction.
