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Tag Archives: Canada-EU Comprehensive Economic and Trade Agreement

Canada agrees to the EU proposal on an international investment court

On 29 February 2016, a revised text of the Canada-EU Comprehensive Economic and Trade Agreement (“CETA”) was released. Importantly, Canada and the EU have agreed to a number of substantive changes to the CETA’s Investment Chapter, including: Stronger right to regulate: the EU and Canada fully preserve their right to regulate to achieve legitimate policy objectives, including protection of public health, safety, environment or public morals; Narrowly prescribed standards of investment protection: a closed list of measures that could give rise to a violation of the fair and equitable treatment

Canada Ratifies the ICSID Convention

Canada has ratified the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention).  Canada’s ratification of the ICSID Convention will enter into force on December 1, 2013, nearly seven years after Canada initially signed the Convention. Canada’s ratification should enhance the rights of investors under Canada’s many investment agreements.  These include the North America Free Trade Agreement (NAFTA), Canada’s 24 Foreign Investment and Promotion Agreements, and the recently-completed Canada-EU Comprehensive Economic and Trade Agreement.  Canada also is participating in the negotiation of the