The Comprehensive Economic and Trade Agreement (CETA) was concluded in 2014 between the European Union and Canada. It is currently in the process of being ratified.
The agreement covers most aspects of new generation trade deals, including intellectual property, public procurements, regulatory cooperation, services and elimination of tariffs.
It also includes an investment chapter with a revised investor-state dispute settlement (ISDS) mechanism, dubbed investment court system, which enables foreign corporations to sue states if they deem their profits or investment potentials affected by new laws or changes in policy.
(March 2015)
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