From soccer matches in Europe to Monday Night Football in the United States, referees are a critical component of competitive sports, acting as an impartial party that ensures rules are followed by members of both teams. For small and large manufacturers, Investor-State Dispute Settlement (ISDS) provisions fill this this critical role of referee, ensuring that basic rules of due process, non-discrimination, fair treatment and property protection. In short, ISDS ensures fair play in the global economy.
Manufacturers typically make the vast majority of their investments domestically. Yet, just as companies from Europe, Asia, Latin America and beyond invest in America to reach the American consumer, many U.S. manufacturers also need to invest overseas to sell more successfully to the 95 percent of consumers that live outside our borders. By reaching millions of new customers overseas, U.S. investment overseas helps strengthen America’s manufacturing base, spurring approximately 50 percent of U.S. exports and supporting higher-paying American jobs, R&D and capital investment. When companies investment overseas, some 90 percent of their sales stay outside the United States. (continue reading…)