IGPAC argued that the notification requirements will be burdensome and requested the federal government to play a clearinghouse role, and to assist and consult with state and local governments in defending their policies against challenges.
IGPAC has reserved judgment on GATS until the nations joining the agreement and the services covered are more definite, but has urged the U.
IGPAC desired a strong dispute-resolution process involving the states at every step.
IGPAC has strongly argued for a formal cooperation mechanism between the states and the federal government in administering NAFTA and especially in handling dispute resolution, for state protection from private lawsuits under NAFTA, for a federal commitment to refrain from automatic preemption of state and local laws not in compliance with NAFTA, for state and local rights to set SPS and other standards higher than federal or international standards, for voluntary state compliance with procurement rules, and for border environmental cleanup and worker dislocation assistance.
Reflecting especially widespread irritation over the USTR's handling of Beer II, the act first requires the president to consult with the states through IGPAC to achieve conformity of state laws and practices with NAFTA.
To assist in this, the USTR adopted an IGPAC proposal to designate a NAFTA Coordinator for State Matters.
IGPAC is a Special Purpose Acquisition Corporation ("SPAC") with the objective of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business which has operations or facilities located in Israel.
Securities and Exchange Commission, which Form will include a proxy statement/prospectus for the stockholders of IGPAC, and that Negevtech and IGPAC will mail a proxy statement/prospectus to the stockholders of IGPAC containing information about the proposed transaction.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, about IGPAC and Negevtech and their combined business after completion of the proposed acquisition.
The respective directors and executive officers of IGPAC and Negevtech and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed merger.