Free Trade Area of the Americas - FTAA |
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B. Pre-Arbitral Consultations and Dispute Settlement Mechanisms
C. Arbitral Settlement of Disputes
2. Consent
Any dispute relating to the Agreement between an investor of one Contracting Party and the other Contracting Party will, to the extent possible, be settled through amicable consultations. (Article 8 (1)). If it was not possible to settle the dispute within a period of six months, the investor may submit it: a) to the competent tribunals of the host party; or b) to international arbitration. Election by the investor of either one of these procedures shall be definitive and irreversible. (Article 8 (2)(3)).
1. Conditions