25.10.2016 - 08:12 [ Techdirt ]

Corporate Sovereignty Helps To Bring EU-Canada Trade Deal To Brink Of Collapse

The trade deal between the EU and Canada, known as CETA — the Comprehensive Economic and Trade Agreement — is remarkable for the fact that it has still not been signed and ratified, even though its completion was „celebrated“ over two years ago. That‘s partly because of growing resistance to the inclusion of a corporate sovereignty chapter — also known as investor-state dispute settlement (ISDS). In an attempt to head that off, the European Commission persuaded Canada to swap out vanilla ISDS for a new, „improved“ version called the Investor Court System (ICS). As Techdirt noted before, this is really just putting lipstick on the pig,