HOME >> BIOLOGY >> NEWS
NAFTA arbitrators in environmental case agree to formal public input, a first for trade hearings

The decision by a NAFTA tribunal to accept and formally consider public submissions in a major environmental case represents a precedent-setting "triumph for openness" in international trade and investment arbitration, says the Canadian-based International Institute for Sustainable Development.

IISD has won a 3 year battle to take part in NAFTA hearings this year into claims by Methanex Corporation that California violated guarantees of investors' rights when it banned a polluting gasoline additive manufactured in Canada. Methanex, of British Columbia, says its NAFTA Chapter 11 rights were violated when the state banned MTBE, a suspected carcinogen.

The breakthrough, communicated to IISD late Friday, was welcomed by the Institute's President David Runnalls as another new breach in the walls that have surrounded international trade and investment arbitration cases, until now conducted secretly "in-camera" with investors and governments as the sole participants.

Said Mr. Runnalls: "We set out in August 2000 to address the procedural deficiencies of the investor-state arbitrations, as well as concerns about rights accorded to investors under NAFTA's Chapter 11. This precedent-setting Tribunal decision builds on previous breakthroughs that opened the hearings to the public, thus making the process more transparent. Now the hearings are open for public input as well. The decision addresses almost all of our original procedural goals and we welcome this news.

"We look forward now to participating in the process of getting the interpretations of NAFTA's Chapter 11 right. Foreign investment is critical to achieving sustainable development today. But foreign investor rights that take priority over the right of policy-makers to govern and legislate in the area of sustainable development are self-defeating.

"Our goal is to leave the Tribunal with a strong and clear impression of what is at stake, and how appropriate interpretatio
'"/>

Contact: Terry Collins
collins1@sympatico.ca
416-538-8712
International Institute for Sustainable Development
2-Feb-2004


Page: 1 2 3 4

Related biology news :

1. Research suggests unborn children may be at risk from environmental pollution
2. Will a reduction in military spending improve our environmental future?
3. 8 environmental stewards win $900,000 in biodiversity awards
4. Chemical Society announces EPA awards for environmentally friendly technology
5. Is that plant a tortoise or a hare? Answer predicts its response to environmental change
6. Ancient Greeks help scientists build environmentally friendly nano devices
7. Comprehensive study: We know little about environmental effects on kids
8. Geoenvironmental researchers to join Technium
9. New environmental journalism website holds more than 700 articles in three languages
10. Viruses may be environmentally friendly decontaminants
11. UN study shows environmental consequences from ongoing boom in personal computer sales

Post Your Comments:
(Date:3/23/2015)... NXT-ID, Inc. (NASDAQ: NXTD ) ("NXT-ID" or the ... commerce market, announces its biometric payment technology, the Wocket® smart ... starting March 30 th . The ... New York markets. Gino ... our new ad campaign following the recent initial shipment of ...
(Date:3/20/2015)... 20, 2015 NXT-ID, Inc. (NASDAQ: NXTD ... focused on the growing mobile commerce market, announces its ... of the products featured in 2015 "I Want That" ... PM EST on the DIY Network.   ... Vegas , site of the 2015 International CES ...
(Date:3/18/2015)... Florida , March 18, 2015 ... as businesses, new revolutionary smart wallets and apps continue to ... Companies currently entrenched in the mobile payment industry in focus ... Group Holding Ltd. (NYSE: BABA ), Apple Inc. ... GOOG ) and Facebook Inc. (NASDAQ: FB ) ...
Breaking Biology News(10 mins):NXT-ID's Wocket Smart Wallet to Launch New CNBC Regional TV Ad Campaign 2NXT-ID's Wocket Smart Wallet to Launch New CNBC Regional TV Ad Campaign 3NXT-ID's Wocket Biometric Smart Wallet to Air on "I Want That" International CES Special 2NXT-ID's Wocket Biometric Smart Wallet to Air on "I Want That" International CES Special 3Revolutionary Smart Wallet & Mobile Payment Choices Change the Game for Consumers - Company Begins Shipping Newest Digital Wallet to Customers 2Revolutionary Smart Wallet & Mobile Payment Choices Change the Game for Consumers - Company Begins Shipping Newest Digital Wallet to Customers 3Revolutionary Smart Wallet & Mobile Payment Choices Change the Game for Consumers - Company Begins Shipping Newest Digital Wallet to Customers 4Revolutionary Smart Wallet & Mobile Payment Choices Change the Game for Consumers - Company Begins Shipping Newest Digital Wallet to Customers 5Revolutionary Smart Wallet & Mobile Payment Choices Change the Game for Consumers - Company Begins Shipping Newest Digital Wallet to Customers 6
(Date:4/23/2015)... DIEGO , April 23, 2015  Neurocrine Biosciences, ... Company will report its first quarter 2015 results before ... Neurocrine will then host a live conference call and webcast ... update Thursday morning, April 30, 2015 at 8:00 a.m. ... can access the live conference call by dialing 866-952-1906 ...
(Date:4/23/2015)... Calif. , April 23, 2015  Veracyte, Inc. (NASDAQ: ... into a definitive agreement to sell approximately $40 million ... the agreement, the investors will purchase an aggregate of ... of $8.15 per share, the closing stock price on ... new and existing investors, including Broadfin Capital, Camber Capital, ...
(Date:4/23/2015)... 23, 2015  Metanome, Inc., an industry leader ... has changed its name to Diversigen, Inc.  The ... the single commercial source for the myriad of ... the diverse opportunities of the microbiome.  From the ... – including those that are difficult to handle, ...
(Date:4/23/2015)... CA (PRWEB) April 23, 2015 Delpor, ... today announced that the United States Patent and Trademark ... Company’s NANOPOR™ technology. US Pat. No. ... Delpor’s microfabricated drug delivery device for the ... proprietary NANOPOR™ technology for the sustained (zero-order) release of ...
Breaking Biology Technology:Neurocrine Biosciences Announces Conference Call and Webcast to Report First Quarter 2015 Results 2Veracyte, Inc. Announces $40 Million Private Placement 2Veracyte, Inc. Announces $40 Million Private Placement 3Veracyte, Inc. Announces $40 Million Private Placement 4Metanome Announces Corporate Name Change to Diversigen 2Delpor, Inc. Announces the Issuance of 2 New US Patents Based on its Nanopore Technology which Enables the Sustained Release of Drugs from a Small Implant Device 2Delpor, Inc. Announces the Issuance of 2 New US Patents Based on its Nanopore Technology which Enables the Sustained Release of Drugs from a Small Implant Device 3
Cached News: