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Canada-EU Trade Deal Threatened by EU Lawmakers

Posted August 28, 2014

Under Economic Issues, International Trade Issues

(Reuters)

European concerns over environment, sovereignty may sink deal

EU lawmakers are threatening to block a multi-billion dollar trade pact between Canada and the European Union — a blueprint for a much bigger EU-U.S. deal — because it would allow firms to sue governments if they breach the treaty. [...]

But European consumer and environmental groups say a mechanism in the accord would allow multinationals to bully the EU's 28 governments into doing their bidding regardless of environmental, labour and food laws and would set a bad precedent for the planned EU-U.S. trade pact. Read more here.