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U.S. Proposes Gutting Nafta Legal-Dispute Tribunals

  • Americans said to seek opt-out for investment protections
  • U.S. wants to cut back state-to-state panels to advisory role
Bloomberg business news

Mexico, Canada Reject U.S. Demands in Nafta Talks

U.S. Nafta negotiators are proposing to essentially do away with the independent tribunals that oversee the trading and investment relationship, either by eliminating them altogether or substantially scaling back their roles, people familiar with negotiations say.

The U.S. has proposed its changes for two types of independent dispute settlement rules under the North American Free Trade Agreement -- so-called investor-state rules as well as provisions to settle state-to-state disputes at an independent panel.