Over the last two decades, Canada has been sued more times than either Mexico or the U.S. under NAFTA's controversial investor-state dispute settlement mechanism.
Between 1994 and 2012, 80 complaints have been filed with the Commission on Environmental Co-operation. Eighty-five per cent of those submissions have been dismissed or terminated.
Dec 13, 2014
612 Markham St.Toronto , ON
Canada43° 39' 53.2584" N, 79° 24' 44.6832" W
The signing of the North American Free Trade Agreement came with the promise of prosperity and jobs for all and the extension of human rights.
The new premier of New Brunswick will need to keep in mind the $250 million NAFTA investor-state challenge launched by Lone Pine Resources in Quebec after the government revoked permits to frack.
A CETA without ISDS is certainly better than one with it. And the blow to the credibility and legitimacy of this very negative feature of globalization is welcome and helpful.
Investment treaties give foreign corporations “investor-state” rights, allowing them to by-pass their own governments and directly sue the government of another country.
It's time to dethrone corporate power and open up dialogue for a better Canada. Progressives need to address the issues, clarify the confusion and offer bold alternatives to this neoliberal agenda.
People are disenfranchised for the benefit of a globalized 1% that is increasingly blind to the imperatives of Life as it wilfully embraces toxic trajectories of Death.
The common critique both inside and outside the European Parliament is that NAFTA style investor/state dispute settlement with the U.S. would be bad for democracy and not in Europe's interest.
On Friday, Toronto activists marched between the Mexican and U.S. consulates to protest the proposed TPP trade agreement and NAFTA.