NAFTA-Chapter 11-Investment: Metalclad v. Mexico

1 post / 0 new

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...

demandside's picture
demandside
Joined:
Jul. 31, 2007 3:01 pm

Currently Chatting

The Death of the Middle Class was by Design...

Even in the face of the so-called Recovery, poverty and inequality are getting worse in our country, and more wealth and power is flowing straight to the top. According to Paul Buchheit over at Alternet, this is the end result of winner-take-all capitalism, and this destruction of the working class has all been by design.

Powered by Drupal, an open source content management system