Investor-state provisions in Canada-European Union trade deal give corporations too much power to threaten democratically elected governments.
Ottawa (19 Nov. 2014) — A new report from the Canadian Centre for Policy Alternatives (CCPA) warns that provisions in the Canada-Europena Union trade deal could effectively strip national governments of many important democratic powers.
Investor -state provisions could lead to wave of corporate-initiated lawsuits
This study warns that controversial investor protection rules in the proposed Comprehensive Economic and Trade Agreement (CETA) between Canada and the EU could expose governments on both sides of the Atlantic to a wave of corporate lawsuits challenging environmental protection, financial supervision and other public interest regulations.
Canadian and European groups are simultaneously launching the study about the dangers of CETA's investor-state dispute settlement mechanism.
New rules go beyond those in NAFTA
Trading Away Democracy: How CETA's investor protection rules threaten the public good in Canada and the EU by Pia Eberhardt, Blair Redlin, and Cecile Toubeau explains how CETA grants corporations sweeping new powers to challenge domestic laws and regulations that could limit profits. These rules, which go beyond those in NAFTA, entrench a private system of tribunals that's available only to foreign investors, sidestepping domestic courts and silencing the voices of citizens.
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