At midnight last night, Canada and the U.S. agreed on a new deal on NAFTA, one which would now be called the USMCA, the U.S. Mexico Canada Agreement, as if that was easier to pronounce. Use May Ca?
Here is the good, the bad, and the ugly within the agreement.
Good news first
► No Chapter 11 between the U.S. and Canada
For many years, the Council of Canadians and others have been writing and advocating to get rid of Chapter 11, the investor-state dispute settlement (ISDS) process. These are the provisions that allow corporations to sue countries over decisions, even if they are made in the public interest. For years, Canada has faced corporate lawsuits that made provinces renounce public auto insurance, accept toxins, and pay for refusing dangerous quarries.