EU court backs use of trade tribunals to protect foreign investors GlobeBusiness
The European Union won backing from the bloc’s top court on Tuesday for its system to protect foreign companies, which proponents say is essential for future trade agreements but critics say unfairly favours multinationals.
The system of using tribunals to settle such disputes became a focal point of mass demonstrations against the “TTIP” EU-U.S. trade talks, which are now frozen, and CETA, when EU countries were deciding whether to back the latter in 2016. But it has yet to persuade Japan after their trade deal provisionally went into force in February. The United States has also been critical, although investor protection does not feature in the slimmed-down industrial tariff agreement the EU has proposed.The ECJ case came after the Belgian region of Wallonia, then led by Socialists, threatened to block CETA in 2016. The federal government persuaded it not to do so in return for concessions. Those included a request for an ECJ opinion.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU slams Russia’s citizenship move as new attack on Ukraine’s sovereigntyPutin signed a decree Wednesday to expedite the applications from some Ukrainians living in areas held by Russia-backed separatists in under three months
Read more »
Visa, Mastercard reach deal with EU to end antitrust probeThe credit card companies to cut fees on payments made by tourists using cards issued outside the bloc
Read more »
Raptors ready to protect home court against star-studded SixersThe Raptors are expected to welcome a confident and energetic 76ers team to Toronto for Game 1 and establishing home court advantage is critical to setting the tone for the series. Although the Raps had success against the Sixers in the regular season, head coach Nick Nurse doesn't believe those games translate to the playoffs in any way.
Read more »
Single Mom By Choice Fully Backs Using A Menstrual Cup To Help ConceiveAt 27, Alyssa Garrison decided she was going to become a mother, with or without a romantic partner.
Read more »
Google exempt from back taxes in France, appeals court confirmsGoogle Ireland did not have a ‘permanent establishment’ or sufficient taxable presence in France to justify the bill, the appeals court in Paris said
Read more »
Super fans watching Marvel movies back-to-backTo celebrate the release of the new Avengers film, super fans are taking part in 59-hour Marvel movie marathon. More details here:
Read more »
Ian Mulgrew: Tribunal handling ICBC claims biased, say trial lawyersOpinion: “People are going to get railroaded into decisions where their claims are considered minor when they are not.”
Read more »
Protecting nature also fights climate change, says federal environment ministerFederal Environment Minister Catherine McKenna says there’s more than one way to fight climate change.Speaking ahead of an international conservation conference, McKenna says protecting natur…
Read more »
Canada banning oil, gas and mining from marine-protected areasFisheries Minister Jonathan Wilkinson today is announcing a total ban on oil and gas work, as well as mining, waste-dumping and bottom-trawling, in all of Canada's marine protected areas.
Read more »