The Colombia-US 2025 joint interpretation: clarifying investment standards or quietly reshaping investor protections?

Charles-Emmanuel Côté, Shotaro Hamamoto, Marcin J. Menkes and Xu Qian

No 420, Columbia FDI Perspectives from Columbia University, Columbia Center on Sustainable Investment (CCSI)

Abstract: The Colombia-US 2025 joint interpretation (JI) is the first adopted by the United States since the 2001 NAFTA JI. While it favors state regulatory space, this Perspective argues that its restrictive approach to some provisions and application to pending cases raise familiar concerns about the impact and legitimacy of JIs.

Date: 2025
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