Hussein Haeri, left, and James Nealon ()
The future of the Trans-Pacific Partnership (TPP)—a global trade deal covering 40 percent of the world economy with 12 signatory states, including the U.S., Australia, Canada, Japan and Singapore—has experienced a major setback by an executive order signed by President Donald Trump in January 2017 to withdraw from that agreement. The TPP contains investor-state dispute settlement provisions that would have allowed U.S. investors to commence binding international arbitration against host states for unfair, discriminatory or expropriatory treatment of their international investments. Following the executive order, that mechanism under the TPP will no longer be an option for U.S. investors.
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