Venezuelan president Hugo Chavez nationalized the Venezuelan gold sector through an official decree during the summer 2011. Rusoro claimed that the decree violated the bilateral investment treaty between Canada and Venezuela.
The recent investment arbitral decision against the Philippines in favor of the Belgian corporation should be a wake up call on the dangers posed by free trade and investment agreements.
We urge all stakeholders involved in the EU-Mexico FTA negotiations to replace the current far-reaching liberalisation and deregulation agenda with an agreement that regulates investment