POL101Y1 Lecture Notes - Lecture 9: Preliminary Ruling, North American Free Trade Agreement, List Of Gasoline Additives
1 Feb 2016
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Document Summary
Unites canada, united states, and mexico in a free trade zone went into affect january 1, 1994. Free trade makes many protected practices illegal. A regional trade agreement will make it illegal to have preferential to specific markets. Nafta negotiated and signed on 1994, all three countries have experienced a modest economic growth. Protects the rights of investors in other countries. Gives standing to corporations or investors to bring claims against governments for regulations or law that violate free trade. It would provide corporation with protection with nationalization. Fear was that mexico was not a reliable country to invest. This clause will give companies the security to know that they can invest and wont be expropriated (seized by government) Has not been used for its purpose but been used to get around economy laws. Amount awarded million out of court settlement.
