POL101Y1 Lecture Notes - Lecture 9: Preliminary Ruling, North American Free Trade Agreement, List Of Gasoline Additives
Document Summary
Unites canada, united states, and mexico in a free trade zone went into afect. A regional trade agreement will make it illegal to have preferenial to speciic markets. Nafta negoiated and signed on 1994, all three countries have experienced a modest economic growth. Protects the rights of investors in other countries. Gives standing to corporaions or investors to bring claims against governments for regulaions or law that violate free trade. It would provide corporaion with protecion with naionalizaion. 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 setlement. A us chemical company challenged a canada wide ban on import and trade of the gasoline addiive mmt, a suspected neurotoxin.