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rbw/latin-american-countries-put-front-against-corporate-lawsuits

Latin American Countries Put Up Front Against Corporate Lawsuits

Rethinking Bretton Woods | Mon, Oct 21, 2013

Mint Press News quotes Center of Concern team member Aldo Caliari in “Latin American Countries Put Up Front Against Corporate Lawsuits,” an article appeared on October 3 2013. The article reports on recent steps taken by a bloc of a dozen Latin American countries to oppose a spate of crippling lawsuits increasingly brought by multinational corporations against developing country governments for alleged violations of trade agreements. “Many of these investment treaties are approved in the dark, with a lack of due process and no input from citizens,” Caliari says. “The mythology behind these sort of clauses, including agreeing to be bound by tribunals, has to do with idea that if you do your country will be attractive for foreign investment, though those benefits have often proven to be nonexistent.”