Uruguayan Environmental Groups Warn About Risks of Protection Investment Treaties

A new op-ed published on Friday by Redes-Friends of the Earth Uruguay says the operations of Belgiun company Katoen Natie against the Uruguayan state's construction of a containers terminal in the port of the capital, Montevideo, and its threat to file an international legal action for breach of contract, show the use that corporations make of Investment Protection Treaties signed by the countries to ensure their profits. The environmental organization explains that the Investment Protection Treaty signed between Uruguay and Belgium became a pressure tool for Katoen Natie, principal shareholder of the Uruguayan state in Cuenca del Plata port's terminal.

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