Fact Sheet: The U.S.-China Bilateral Investment Treaty (BIT): Expanding Job Outsourcing and Corporate Attacks on Our Laws
The U.S.-China Bilateral Investment Treaty (BIT) would make it easier for multinational corporations to outsource more American jobs to China. It would allow Chinese corporations operating in the United States to demand unlimited U.S. taxpayer compensation for U.S. laws and policies that they claim violate their new treaty rights. At the core of the China BIT are the investor outsourcing protections that were also at the heart of the Trans-Pacific Partnership (TPP) and that the Trump administration has proposed to eliminate from the North American Free Trade Agreement (NAFTA). So why hasn’t the Trump administration ended negotiations on the dangerous China BIT?