By George Monbiot, The Guardian, Nov 4. Excerpt: The purpose of the Transatlantic Trade and Investment Partnership is to remove the regulatory differences between the US and European nations. I mentioned it a couple of weeks ago. But I left out the most important issue: the remarkable ability it would grant big business to sue the living daylights out of governments which try to defend their citizens. It would allow a secretive panel of corporate lawyers to overrule the will of parliament and destroy our legal protections. Yet the defenders of our sovereignty say nothing. The mechanism through which this is achieved is known as investor-state dispute settlement. It's already being used in many parts of the world to kill regulations protecting...
A new CCPA report, by Dr. Joel Lexchin and Marc-André Gagnon, examines the impact of the Comprehensive and Economic Trade Agreement (CETA) on pharmaceuticals. The authors find that the tentative EU-Canada trade deal will further tilt the balance towards the protection of brand-name drug manufacturers and their profits and away from Canadian consumers-resulting in significantly higher drug costs for Canadians.
The study also examines the latest revelations about the tentative trade agreement, and asserts that the CETA will seriously impact the ability of Canadians to afford quality health care.
Read more in the report, CETA and Pharmaceuticals: Impact of the trade agreement between Europe and Canada on the costs of patented drugs.
By Stuart Trew, November 3, 2013 - 9:47am In August 2012, the Financial Post reported that Canada was close to ratifying the ICSID Convention, a binding set of rules for how investor-to-state disputes (like the Lone Pine case against Quebec's fracking moratorium) are handled that some countries (e.g. Bolivia, Venezuela, Ecuador) are pulling out of because of how these rules undermine state sovereignty. Canada had signed the Convention, and already agrees to 99 per cent of its arbitration rules, but could not be a full member until all of the provinces had passed ratifying legislation.
Apparently that has quietly happened, despite our request that the holdout provinces seek publc approval for ratification, since the Harper government announced November 1 that it had was now a full member of ICSID. Trade Minister Ed Fast declared, "Ratifying this investment treaty is an important step toward further ensuring predictability and stability for Canadian...
Julius Melnitzer | 02/11/13 | Canada has confirmed its ratification of the World Bank’s ICSID Convention by depositing its “Instrument of Ratification” with the International Centre for Settlement of Investment Disputes on Nov. 1, 2013.
“This is terrific news for Canada and Canadian companies,” says ...
ICSID NEWS RELEASE
On November 1, 2013, Canada deposited its Instrument of Ratification of the ICSID Convention with the World Bank. Canada signed the ICSID Convention on December 15, 2006.
The World Bank has notified all ICSID Convention signatory States of Canada's ratification, pursuant to Article 75 of the ICSID Convention.
The ICSID Convention will enter into force for Canada on December 1, 2013, in accordance with Article 68(2) of the ICSID Convention.