South Africa Breaks Out
South Africa has decided to stop the automatic renewal of international investment agreements that it signed in the early post-apartheid period, and has announced that some will be terminated. It is right to do so, and other countries, one hopes, will follow suit.
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NEW YORK – International investment agreements are once again in the news. The United States is trying to impose a strong investment pact within the two big so-called “partnership” agreements, one bridging the Atlantic, the other the Pacific, that are now being negotiated. But there is growing opposition to such moves.