Gold standard or missed opportunity?

Back in 2015, the European Parliament (EP) mandated the Commission to ensure a number of reforms in the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada. Early in 2016, it was announced that a ‘legal review’ of CETA had been completed.

Only a limited number of the shortcomings identified by the EP were addressed. Consequently, CETA’s new chapter on investment protection is a missed opportunity to create a legal system that addresses these deficiencies, which have long been identified in the ISDS system.