EU, Canada Agree on New Approach to Investment in FTA

March 1, 2016

Canada and the European Union (EU) have agreed to the inclusion in their proposed free trade agreement of a new approach to investment protection and dispute resolution. Negotiations toward an EU-Canada Comprehensive Economic and Trade Agreement (CETA) were concluded in 2014. The text of the agreement included clearly defined standards of protection, and provided for full transparency of proceedings, a ban on forum shopping, governmental control of interpretation of the agreement, a strict code of conduct, early dismissal of unfounded claims, and a "loser pays" principle.

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Topics: FOREIGN DIRECT INVESTMENT (FDI) INVESTOR-STATE DISPUTE SETTLEMENT (ISDS)

Regions: CANADA EUROPEAN UNION (EU)

Authors: TAX NEWS

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