Stand with the People
of Honduras Against
Corporate Greed

Last year, Honduran President Xiomara Castro, with the unanimous support of the National Congress of Honduras, repealed the law that allowed foreign investors to establish Zonas de Empleo y Desarrollo Económico (ZEDE, or “Economic Development and Employment Zones”).

The ZEDEs are private cities that amount to a corporate paradise, granting investors the power to create their own governance systems, write their own regulations, and establish their own security forces and separate courts. 

Under the ZEDE law, land can be removed from the jurisdiction of municipal governments, providing no guarantee of representative democracy.

This controversial policy was originally approved under the leadership of corrupt officials of the post-coup government in Honduras, including former president Juan Orlando Hernández, who have since been indicted on drug trafficking and firearms charges.

Repeal of the unpopular law was supported by labor unions, small farmers, Indigenous organizations, and domestic business groups.

This should be the end of the story. But, instead of respecting the Honduran government’s right to carry out the will of the people, U.S. company Honduras Próspera, which created a ZEDE on the island of Roatán, is fighting back.

Próspera has launched a claim against Honduras using the Investor State Dispute Settlement (ISDS) powers in the Dominican Republic–Central America Free Trade Agreement (CAFTA-DR).

The company is seeking nearly $11 billion from Honduran taxpayers, which is nearly two-thirds of the country’s entire national budget.

Sign the Solidarity Statement:

We stand in solidarity with the people of Honduras and condemn U.S. company Próspera's $11 billion case against the will of the people.

We stand in solidarity with the people of Honduras and condemn Próspera's case against the will of the people. ​

SIGN THE LETTER

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    Learn More:

    Common Dreams: Warren Leads Call to End Dispute System ‘Weaponized’ by Corporations Amid Honduras Case

    Sen. Warren and 30+ Members of Congress Call for Elimination of ISDS, Action on Behalf of Honduran Government

    The Guardian: ‘Go Home’: Honduran islanders fight against crypto colonialists

    Center for Economic and Policy Research: Why is the U.S. Condemning Honduras for Fighting Corruption?, CEPR

     

    The American Prospect: How Biden Can End Secretive Corporate Tribunals, The American Prospect

    The American Prospect: U.S. Pressuring New Left-Wing Honduras Government, The American Prospect

    Latin America Working Group: The ZEDES Law in Honduras: Sanctuary for Exploitation, Corruption, and Organized Crime, Latin American Working Group

    Jacobin: Billionaires Are Suing the Honduran Government for Blocking Their Profit-Making Scheme

    Tribune: Honduras Is Fighting Back Against Corporate Colonialism

    Project Syndicate: When Investors Subvert States

    Attac France