By Kainoa Lowman and Katie Hettinga
On Monday, Colombian President Gustavo Petro announced that Colombia will withdraw from the Investor-State Dispute Settlement (ISDS). ISDS is a controversial extra-judicial regime that allows foreign investors to claim financial harm from domestic environmental and other policies, and receive millions in taxpayer compensation in return. Rethink Trade and several academic partners published a landmark report in 2023 that provides a blueprint for how countries can exit ISDS.
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Originally published in The Economic Populist — a project of the American Economic Liberties Project.