NAFTA-Chapter 11-Investment: Metalclad v. Mexico

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demandside
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Countries often cannot grow rice and beans for their people but must grow strawberries and orchids for Miami!  Trade liberalization trumps sovereignty.  NAFTA and the WTO force countries to abandon subsistence and sustainable economics for export-oriented economics. When corporate profit is the sole goal, food sovereignty, rights of nature and corporate liability are defined away or made to disappear.

In 2000, Mexico was ordered to pay $16.7 million to Metalclad ("The Investor") in return for lost projected profits on a waste treatment facility.  If you read the dispute transcript from the B.C. Supreme Court, you discover Metalclad had never operated an incinerator before.

to read the Dispute Settlement summary, click on

http://www.international.gc.ca/trade-agreements-accords-commerciaux/disp...