A GUE/NGL Report - CETA: TTIP in a Canadian disguise
Trade and investment treaties are at the centre of today’s social, political and juridical debate. The controversy around the Transatlantic Trade and Investment Treaty (TTIP) has triggered this debate. However, TTIP is only the most visible accord in a wave of new generation treaties all of which require in-depth debate.This report focuses on the Comprehensive Economic Trade Agreement (CETA), negotiated between the European Union and Canada. The imminence of the ratification process urges us to focus without delay on the contents and consequences of this agreement. CETA, like TTIP and unlike traditional trade agreements, does not focus on tariff reduction, but on non-tariff barriers, which means that it aims to modify rules and legislation. Again, like TTP, it includes an Investor to State Dispute Settlement (ISDS) system, which allows foreign investors to challenge European law.