Today, Politico Trade said that the U.S. will not advocate to eliminate Chapter 11’s investor state dispute mechanisms. Why? It may be because the newly elected government of Andrés Manuel Lopez Obrador is reviewing energy contracts. Some of these contracts were given to U.S. companies.
In a case of a broken clock being right twice a day, the Trump Whitehouse initially supported the removal of Chapter 11 in NAFTA. They correctly identified that it hampers American sovereignty.
We, too, have continuously opposed this chapter which allows foreign investors to sue governments over policy changes that affect their profits. It has given companies the ability to challenge public interest and environmental policies.