For nearly 75 years, the United States and Mexico have transferred giant quantities of water to each other each year as part of a system set up to ensure the equitable sharing of water sheds that straddle their border. The terms and obligations are clearly laid out in a treaty the two sides signed in 1944: The U.S. sends 489 billion gallons of water southward via the Colorado River, and Mexico allocates 114 billion gallons northward, from the Rio Grande and the Rio Conchos. To deal with the technical aspects of this water exchange and settle any issues, the two [...]
The special protection that investors based in the United States have long enjoyed when they do business abroad seems to be on its way out, and it’s about time. Unlike other private parties, including workers and consumers, foreign investors have access to special arbitration arrangements to protect their businesses in partner countries that sign bilateral investment treaties or preferential trade agreements with the U.S. This mechanism, known as investor-state dispute settlement, or ISDS, has attracted increased scrutiny since the U.S. insisted on including an expanded version of it in the North American Free Trade Agreement in the 1990s. Now, both [...]
Editor’s Note: Guest columnist Edward Alden is filling in for Kimberly Ann Elliott. Mexican President Andres Manuel Lopez Obrador went to Washington last week to meet with U.S. President Donald Trump and celebrate this month’s official launch of the updated and rebranded North American Free Trade Agreement, now the United States-Mexico-Canada Agreement, or USMCA. Critics of Lopez Obrador, including former Mexican Ambassador to the U.S. Arturo Sarukhan, called the visit “a colossal error, electorally, diplomatically and strategically.” His supporters said Mexico has little choice but to curry favor with Trump despite the insults he has hurled at the country and [...]
