The Council of Canadians applauds Germany's rejection of the Canada-EU and EU-US trade deals reported in Reuters today. The German government decided to reject these trade deals because of provisions that allow companies to sue governments for infringing on their profits.
"This is a victory for democracy. We are pleased that the German government has listened to critics of the investor-state dispute settlement provisions of the deal that give foreign corporations the right to dictate domestic policy," said Maude Barlow, national chairperson of the Council of Canadians.
"We've worked to educate European politicians on just how harmful allowing companies to sue you can be," said Scott Harris, trade campaigner with the Council of Canadians. "We've told them about all the lawsuits Canada has faced under NAFTA for legitimate regulations that protect our health and environment."
The Council of Canadians was a major player in this battle and the first to challenge it. The Council is available for further comment on this breaking story.