France Says Corporate Sovereignty Must Come Out Of CETA, Or Be Replaced By Something Completely Different

Although he is generally in favor of this agreement [CETA], the [French] Secretary of State [for External Commerce] considers that before ratifying the treaty it will be necessary either to withdraw current sections on ISDS or rewrite them entirely. Moreover, the opinion of [the French Secretary of State] Matthias Fekl represents not only the official position of France, but also a consensus shared by Germany and the European social democrats. In the daily Le Monde, he said on Wednesday that the only options remaining on the table were “the withdrawal, pure and simple, of ISDS or coming up with something new.” There is therefore no question of the Secretary of State signing the Canada-EU treaty without “inventing something new, that is no longer [investor-state] arbitration, but a new way to settle disputes, by integrating public courts in the procedure.”

Link (Techdirt)

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