"Democrats Call for End to Investor-State Dispute Provisions in US Trade Deals"

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Source: Reuters
"Democrats Call for End to Investor-State Dispute Provisions in US Trade Deals"
Photo: Reuters
TL;DR Summary

33 Democratic lawmakers have written to the US Trade Representative and State Department, urging them to eliminate investor-state dispute settlement provisions from current and future trade deals and to intervene on behalf of Honduras against a US company's nearly $11 billion claim against the country. The lawmakers argue that the ISDS systems in trade deals constitute a "problematic corporate handout" that violates countries' sovereignty and democracy rights. The case could require impoverished Honduras to pay billions of taxpayer dollars to a company that has "weaponized" the dispute settlement provisions.

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