EU Court Clears Way for Full Ratification of EU-Canada Free Trade Agreement
The European Court of Justice on April 30 upheld a controversial provision of the recent trade agreement between the European Union and Canada, clearing the way for full ratification of the Comprehensive Economic and Trade Agreement. The court ruled that…
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the investment court system set out in CETA does not conflict with EU treaties. “The decision by the Court means that no changes have to be made to the text of the EU-Canada agreement and Member States' ratifications can proceed,” the European Commission said in a press release. “Equally, no change will be required in the ICS provisions included in the agreements with Singapore, Mexico and Vietnam. The Commission will continue to negotiate the Investment Court System in bilateral agreements with other partners,” the release said. “The agreement with Canada is under provisional application since September 2017 and can only enter fully into force once ratified by all Member States and concluded by the Council.”