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Tuesday, October 25, 2016

CETA UNDER ATTACK



Well now it looks as if criticism of trade deals are coming to light. After all just because governments are negotiating these deals certainly doesn't mean they are in the public interest. Far from it. CETA or the Comprehensive Economic and Trade Agreement is supposed to increase trade between Canada and the European Union. Like most deals however the devil is in the details. A small region in Belgium is currently holding up the deal by refusing to ratify it. The region is known as Wallonia and one of their concerns has to do with investor-state dispute settlement mechanisms. Basically this provision allows companies (investors) to sue governments for things like rigorous environmental standards or even employment standards legislation.

The title of the article in today's Waterloo Region Record is "Toronto lawyer challenges EU deal". The lawyer is very well known Rocco Galati as he has successfully brought governments to court on other matters over the years. Besides the suing of governments by investor companies another issue for Mr. Galati is the Canadian government's habit of signing and ratifying trade deals prior to approval from either Parliament or the provinces. Mr. Galati states that other governments such as the U.S. and European countries do not behave in that fashion. All in all it's good to see further public exposure of the bad side of these deals. Kudos to Mr. Galati and to the Walloons.

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