ISDS Case Map
Honduras
The stakes for Honduras are not simply the billions of dollars otherwise destined for health, housing, and education. They are the very existence of Crawfish Rock: the past and future of the families who have inhabited the island for centuries.
The ongoing lawsuit brought against Honduras by an American company underscores the unjust and undemocratic nature of the investor-state dispute settlement system.
American billionaires are suing the Honduran government for blocking the creation of a libertarian city-state in the country. If they win, it will be a devastating victory for corporate colonialism over democracy.
The investor-state dispute settlement is a system that empowers foreign investors to sue a sovereign government. It was instituted in the 1960s against the votes of most Latin American countries — and continues to wreak havoc today.
Honduras is threatening to withdraw from the World Bank’s International Centre for Settlement of Investment Disputes over an $11 billion claim by Honduras Prospera, a US company.
The first meeting of negotiations for the signing of the Free Trade Agreement between Honduras and China was held here today so as to advance bilateral cooperation, the Foreign Ministry reported.
China and Honduras launched talks to reach a free trade agreement as Beijing's ties with Central American countries continue to grow.
We stand in solidarity with the people of Honduras and condemn US company Próspera's $11 billion case against the will of the people.
Honduras told Taiwan it is ending their bilateral free trade agreement, effective from the end of 2023.
Honduras' President Xiomara Castro is on a six-day official visit to China. She launched diplomatic relations with Beijing after cutting ties with Taiwan. The country is also seeking support from China to mitigate its debt burden.
