This thing we call an ISDS (
investor state dispute settlement)--which has been working between Canada, Mexico and the U.S. in NAFTA for twenty years--smells to high heaven,
for some German politicians;
Provisions allowing companies to sue governments to protect their
investments must be taken out of an EU-Canada trade agreement (Ceta),
German chancellor Angela Merkel's coalition partners have said.
Speaking in the Bundestag on Thursday (25 September), Sigmar Gabriel,
who leads the centre-left SPD [Socialist Party Deutschland], noted that "the chapter regarding
investment protection is not approvable," adding that "the last word
hasn't been spoken yet".
Might spoil your regulatory fun, if you were held accountable for your actions,eh? Especially if it sets a precedent for a trade agreement with the United States;
At the weekend, the SPD party congress agreed to support the
continuation of negotiations with the US on a transatlantic trade and
investment partnership (TTIP), but also conditioned their support for
TTIP on investor protection clauses being left out.
Sounds like a PPP (political power play) to us, and they may have it;
Ceta faces an uncertain path when it comes before MEPs [Members of the European Parliament] in the coming
months. Deputies from the centre-left Socialist and Democrat group and
the Liberals have indicated that ISDS would have to be left out in order
for them to support Ceta, while the Green and far-left GUE [Commies] factions
have already come out against the treaty.
"My group would find it much easier to put its weight behind Ceta if
ISDS was removed from the text," said Socialist group trade spokesman
David Martin at the parliament's session in Strasbourg earlier this
month.
In a statement on Thursday, the European trades union congress (ETUC)
said that it would not support Ceta if ISDS remained part of the
agreement.
FUBAR.
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