Interest Policies: Trade Agreements and Labour Rights

interest policies: However, NAFTA ditched the old rulebook on trade by granting vast powers to corporations at the expense of public interest policies, the environment, and health and labour rights, according to The Toronto Star. In fact, NAFTA was so successful in expanding corporate power that it has become a model for other trade agreements. Trade used to be about the exchange of goods between two countries, which included information on the volume of goods in question and tariffs. At the same time, largely because of its Chapter 11, it has triggered the international campaign against globalization and for the protection of the environment. It allowed multinational corporations to bypass domestic courts, government policies and regulations. Without any doubt, the most positive aspect of USMCA is the absence of Chapter 11, which was designed to protect the interests of foreign investors. (news.financializer.com). As reported in the news.