A Study On The Core Provisions Of The Investment Dispute Settlement Mechanism Of The US-Mexico-Canada Agreement

The international Investment Dispute Settlement Mechanism is an important part of the contemporary legal protection of international investment.With the increase of international trade,its disadvantages gradually appear.Therefore,the dissatisfaction of various countries with the investment dispute settlement mechanism has led to the proposal of various countries for the reform of the international investment dispute settlement mechanism and the practice of the reform of the international investment dispute settlement mechanism.After trump took office,under the guidance of the basic concept of "America first",the United States actively pushed forward the negotiation of the US Mexico Canada agreement,replacing the North American free trade agreement with the US Mexico Canada agreement,with the intention of turning it into a completely favorable agreement for the United States.To a large extent,the US Mexico Canada agreement reflects the development achievements of the free trade agreement since the entry into force of NAFTA,and represents the latest development trend of the current free trade agreement.It retains most of the provisions of NAFTA,but has made a lot of changes to the mechanism of settlement of investment disputes in Chapter 11(Chapter 14 of the US Mexico Canada agreement),which has some important characteristics,such as the application of different countries,the application of time limitation and the application of restriction,and is more refined in terms of provisions,with more emphasis on the efficiency and fairness of provisions,but There are also some political overtones.As a big two-way investment country of capital input and output,China has not made clear its position and plan in the reform of investment dispute settlement mechanism.Therefore,it is necessary to study in-depth the 11 core provisions of chapter XIV of the US Mexico Canada agreement on investment dispute settlement mechanism,analyze the refinement of its provisions and its intention to change,especially the relevant reservations and restrictions of the parties to the agreement on investment dispute settlement mechanism provisions,which will be more conducive to the development of free trade agreements with other countries in the future The dispute settlement mechanism has important reference and enlightenment significance.