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Article: Corn Products International Updates on NAFTA Proceedings
- Article from:
- Wireless News
- Article date:
- August 23, 2009
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Wireless News
08-23-2009
Corn Products International Updates on NAFTA Proceedings
Type: News
On October 21, 2003, Corn Products International submitted, on its own behalf and on behalf of its Mexican affiliate, CPIngredientes, S.A. de C.V., a Request for Institution of Arbitration Proceedings against Mexico pursuant to Chapter 11 of the North American Free Trade Agreement.
In the Request, the Company asserted that the imposition by Mexico of a discriminatory tax on beverages containing HFCS breached various obligations of Mexico under the investment protection provisions of NAFTA.
The case was bifurcated into two phases, liability and damages, and a hearing on liability was held in July ...