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Note on NAFTA Commission's July 31, 2001, Initiative to Clarify Chapter 11 Investment Provisions

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Note on NAFTA Commission's July 31, 2001, Initiative to Clarify Chapter 11 Investment Provisions

On July 31 2001, the Trade Ministers of Canada, the United States and Mexico (the North American Free Trade Commission) announced that they had agreed to the interpretation of certain provisions of Chapter 11, the controversial investment chapter of the North American Free Trade Agreement (NAFTA). Based on the International Institute for Sustainable Development's extensive analysis of Chapter 11's environmental implications to date, this note addresses what the Commission's statement says, what it means and what remains to be done.

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