New Reforms for ISDS

Elstel.org28 Jun, 2020News

ISDS provisions have either been modified, limited to certain agreement breaches or enhanced from its previous model in certain cases. US and Korea signed a treaty in 2018, that amended their 2008 ISDS treaty. The new treaty helps both countries in accomplishing their objectives and clears the issue on minimum standard of treatment. US, Mexico and Canada signed a new NAFTA agreement, and Canada withdrew itself from ISDS. This way US and Mexico can concentrate on their own disputes.