POL101Y1 Lecture 8: Lecture 08 – 21st November 2016- Sovereignty and Economic Integration- NAFTA, the EU, and Brexit
Document Summary
Lecture 09 21st november 2016: sovereignty and economic integration: nafta, the. Reduce the barriers to trade in order to reduce the cost of it. Expand the size of the market for the goods a country produces. Preferential agreements to certain corporations could be made illegal. Canada, us, and mexico in free trade zone. Canada exports b. worth of goods to us and mexico. Canada imports b. worth of goods. Though there is still a lot of disagreements and protests against agricultural trade. All 3 countries have experienced a modest economic benefit from nafta. Us has lost 700,000 manufacturing jobs to mexico for cheaper labour. Chapter 11: investor-state dispute settlement (isds) clause. Protects the rights of investors in other countries. A framework to resolve disputes between states and investors. Gives standing to corporations or investors to bring claims against governments for regulations or laws that violate free trade. Mainly directed at mexico to prevent nationalisation.
