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Canada-EU Trade Deal Threatened by EU Lawmakers

Posted August 28, 2014

Under Economic Issues, International Trade Issues


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.