Friends of Manufacturing

API, other groups want new NAFTA to retain crucial ISDS provision

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Leaders from the American Petroleum Institute and six trade associations from other US industries strongly expressed a desire to see the Investor-State Dispute Settlement (ISDS) provision in the current North American Free Trade Agreement retained—and possibly enhanced—in any successor.

“For our industry, ISDS protects investments by allowing any international disputes to be brought into arbitration,” API Pres. Jack N. Gerard said Sept. 22 during a teleconference that included other associations’ presidents.

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