It was one of the world's most ambitious trade deals.
There are about 40 different parliaments that need to ratify this deal.
But a top negotiator says Greenpeace appears to be "misleading at best and flat out wrong at worst."
In many countries, there is a debate over how much power we give to corporations. And it is boosting populist right-wing parties and left-wing parties that are against trade. In Europe, many of the right-wing parties are opposing free trade agreements. At the same time, from the left of the spectrum, voices such as Bernie Sanders and Jeremy Corbyn are also targeting free trade.
Having toured Europe and met with both politicians and grassroots groups, I can tell you that a court system is not going to placate European activists or many parliamentarians. Some are already calling it a PR stunt that does nothing but put a Good Housekeeping seal of approval on an already flawed system.
When our democracies try to act on climate, trade agreements get in the way. For over 20 years, we have been fighting ISDS, the investor state dispute settlement clause in Chapter 11 of NAFTA, which allows companies to sue states over their decisions. It is a favourite tool of energy and mining companies.
I cannot help thinking that, while countries rush to sign trade deals such as CETA and the new TransPacific Partnership, they cannot seem to get a binding climate change agreement. Very little at the UN or in previous climate conferences has been binding. CETA and TPP are both major trade deals that must be fought.
Prime ministers and presidents around the world congratulated themselves Monday after coming to an agreement on the Trans
Countries pledging to take serious action on climate change are also party to, or are aggressively negotiating, trade and investment deals that contain a mechanism that gives large corporations the right to challenge any changes to the current rules under which they operate -- be they environmental, health or human rights -- that negatively affect corporations' bottom line. ISDS essentially grants corporations equal status to governments in these negotiations and privatizes the dispute settlement system between nations.
We Canadians are writing to you, the Socialists, New European Left, and Greens, because you have the power to stop these dangerous trade deals. With this type of trade agreement, we have a choice: Do we accept rising inequality, unchecked corporate power, and lowered social and environmental standards, allowing the one per cent to become richer at our expense, or do we draw a line in the sand?