Brussels – Today, the European Commission and Canadian government agreed to include a new approach on investment protection and investment dispute settlement in the EU-Canada comprehensive economic and trade agreement (CETA).
Demonstration against TTIP and CETA in Berlin, © Gordon Weltersphone
Commenting on the new investment protection and dispute settlement mechanism, Greenpeace TTIP campaigner Susan Jehoram Cohen said: “The investment protection court included in the trade deal between the EU and Canada is discriminatory, giving privileges to big business with no strings attached. Only foreign investors can go to court, while local businesses are excluded. Multinationals can sue states, but not the other way around, and exorbitant compensation claims could cost taxpayers dear.“
Contact:
Greenpeace EU press desk: +32 (0)2 274 1911, [email protected]