NAFTA is a dirty word, especially on the Digby Neck in Nova Scotia. Back in 2007, people in Sandy Cove won a years-long fight to stop a quarry from being built in their backyards. Now a NAFTA tribunal is trying to get Canada to pay up for enforcing its own laws.
While negotiations on the CETA were concluded almost three years ago, Canada and the EU announced today that they have agreed to changes to the controversial ISDS provision in the yet-to-be ratified deal.
Today’s announcement of modifications to investor-state dispute settlement (ISDS) provisions of the Canada-EU Comprehensive Economic and Trade Agreement (CETA) is smoke and mirrors, says the Council of Canadians. Council representatives are available to comment on the announcement.
The Council of Canadians, Friends of the Earth Europe, Food & Water Watch, the Transnational Institute and nine other groups based in the European Union and the United States have released a new 8-page briefing paper titled Oil Corporations Vs. Climate: How investors use trade agreements to undermine climate action.
It appears that the Trudeau government is pressuring India on its proposed reform to the controversial investor-state dispute (ISDS) mechanism.
It appears that the Trudeau government will stick with the existing (but controversial) investor-state dispute settlement (ISDS) provision in the Canada-European Union Comprehensive Economic and Trade Agreement (CETA), rather than opting for the investment court system (ICS) "reform' sought by the European Commission.
The Globe and Mail's national business correspondent Barrie McKenna has a solution to getting the CETA through the European Parliament – drop the controversial investor-state dispute settlement (ISDS) provision.
While the full text of the Trans-Pacific Partnership is not likely to be released until November 5 or later, we do know from various media reports that the 12-country agreement that encompasses more than 40 per cent of the global economy includes an investor-state dispute settlement (ISDS) provision.
Even by the standards of negotiations surrounding the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) the last week of news about the status of the negotiations has been bewildering.
There have been rumours for the past week that Canada and the European Commission (the executive body of the European Union which is responsible for negotiating trade deals on behalf of the EU) were set to reach "technical finalization" of the Comprehensive Economic and Trade Agreement (CETA) this week, ahead of a May 8 meeting in Brussels of the Foreign Affairs Council (Trade). Indications are now that such speculation may prove premature.