New trade pact leaves most U.S. industry at mercy of Mexico’s courts

“Its removal makes the new agreement an outlier, trade experts and industry sources in Washington said” writes Midwest Communications Inc for He threatened to end the free trade deal until Mexico and Canada agreed to more favorable terms.The removal of the investment protection means firms would now be at the mercy of Mexico’s courts, which are notorious for corruption, an energy industry source said.The previous trade agreement, NAFTA, included provisions that gave U.S. firms operating in Mexico and Canada the option to challenge government decisions at an international tribunal.

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