Belgium delegates reached 11th-hour consensus, which grants the Court of Justice of the European Union the ability to rule on final inclusion of ISDS
The controversial Canada-European Union trade agreement that many declared “dead” now appears to be rising from the ashes, as officials announced Thursday that they have reached a last-minute consensus.
Earlier this week, trade delegates from the Belgian region of Wallonia rejected the Comprehensive Economic & Trade Agreement (CETA) out of concern that certain provisions, particularly the Investor State Dispute Settlement (ISDS) system, inflate the power of multinational corporations and undermine standards protecting labor, the environment, and consumers.
After it was reported that Canadian Prime Justin Trudeau had scrapped his travel to Brussels and the planned…
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