October 25th, 2017

Professor Jeffrey Sachs Discusses ISDS in Trade Agreements

Trade experts and constitutional scholars from the left and the right who battle over most issues – including the North American Free Trade Agreement (NAFTA) – joined together at the National Press Club to support the elimination of Investor-State Dispute Settlement (ISDS) from NAFTA.

Jeffrey Sachs, prominent professor of economics at Columbia University and United Nations senior adviser, discusses the Investor-State Dispute Settlement system, often found in trade agreements including NAFTA. Sachs describes the legal and economic arguments against ISDS outlined in a letter that he and more than 200 law and economics professors from across the country sent to President Donald Trump: “ISDS is a threat to legal order and to sovereignty. It fails on basic principles of rule of law and due process. There is broad consensus across the political spectrum opposing ISDS; ISDS is a central danger and risk that should not be included in any trade or investment agreements.”

 

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