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This joint submission by the Columbia Center on Sustainable Investment (CCSI), the International Institute for Environment and Development (IIED), and the International Institute for Sustainable Development (IISD) provides comments to the UNCITRAL Working Group III on the reform of damages and compensation in Investor-State Dispute Settlement (ISDS). The authors argue that current practices are inconsistent and create 'regulatory chill', particularly regarding climate action, and advocate for a legally binding multilateral treaty to standardize compensation and restrict speculative valuation methods.

This IISD report analyzes the inclusion of Good Regulatory Practice (GRP) and International Regulatory Cooperation (IRC) provisions in regional trade agreements (RTAs), with a primary focus on the USMCA and a comparison with CETA. It examines how these provisions aim to reduce non-tariff trade costs and improve regulatory transparency and stakeholder engagement, while highlighting the administrative and political challenges these obligations may pose for developing countries.