Oh, boy. Not good.
Oh, boy. Not good.
https://www.theguardian.com/world/2016/oct/21/eu-canada-ceta-trade-deal-meltdown-canadian-minister-walks-out
https://www.theguardian.com/world/2016/oct/21/eu-canada-ceta-trade-deal-meltdown-canadian-minister-walks-out
https://www.theguardian.com/world/2016/oct/21/eu-canada-ceta-trade-deal-meltdown-canadian-minister-walks-out
https://www.theguardian.com/world/2016/oct/21/eu-canada-ceta-trade-deal-meltdown-canadian-minister-walks-out
Leaving the Élysette, the home of the Walloon government in Namur, Freeland said: “It seems obvious that the EU is now not capable of having an international agreement, even with a country that shares European values such as Canada, even with a country that is so kind and patient.
ReplyDeleteThe problem is she thinks ISDS is a shared European value.
What's ISDS?
ReplyDeleteInvestor/State Dispute Settlement. 'Impartial' board consisting of a couple of Top Men (Who?Top. Men.) who will judge cases brought by investors in companies, and judge whether new regulations will impact the potential profits the company might have had without such regulations. And then fine the state in question the difference. Basically it's like enforced complete laissez-faire except if you try to not laisse it, the people you're impacting get their money without even faire-ing anything.
ReplyDeletehttps://en.m.wikipedia.org/wiki/Investor-state_dispute_settlement
Er ... ok. So do the Wallonians have a point, then?
ReplyDeleteWell, tbh, I have yet to hear anyone articulate any convincing reason why ISDS is a good thing, or for that matter even an unconvincing I've. Or why it has to accompany each and every free trade agreement.
ReplyDeleteThe Walloons are almost certainly shitposting and any point they have is probably accidental, though.
Ah.
ReplyDelete