Industry reps: Future investment rules should not be modeled on USMCA

Investment language in the U.S.-Mexico-Canada Agreement should not be used as the basis for provisions in future deals because it promises less protection than NAFTA, industry representatives said last week. Language on domestic exhaustion of claims and covered government contracts are barriers to investors filing claims under the investor protections of USMCA, they said. The pact also unfairly differentiates between the protections afforded to certain sectors, they added. USMCA scaled back the investor-state dispute settlement mechanism contained in the North...