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- W3125012251 abstract "The EU Treaties demand that EU trade policy must contribute to the sustainable development of the EU and its trading partners. It is investigated whether CETA is in conformity with this requirement and thus can form a gold standard for future trade agreements. The investor-state dispute settlement (ISDS) part of CETA, the Trade and Sustainable Development (TSD) chapters and the statements attached to the agreement are concentrated on. These aspects are investigated against the background of the manner in which EU trade agreements are negotiated, the role of the Trade Sustainability Impact Assessment (TSIA) system and public participation aspects. Under CETA’s Investment Court System (ICS, a form of ISDS), the national judiciary is bypassed, and states can be ordered to pay compensation for adopting non-discriminatory measures aimed at the protection of legitimate public welfare objectives, such as health, safety and the environment. This can cause a regulatory chill and hinder the ‘right to regulate’ in practice at a time where the adoption of climate changes measures already poses formidable challenges. Neither the TSD chapters nor the statements take away these concerns, notably because the chapters lack an enforcement mechanism with sanctions and because the statements lack clear explanations that could be of legal value. The manner in which the precautionary principle is dealt with in the TSD chapters and the statements is used as a case in point. CETA forms no gold standard, it is concluded, and should definitely not be mirrored in other EU FTAs like the EU-Mercosur agreement." @default.
- W3125012251 created "2021-02-01" @default.
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- W3125012251 date "2021-01-01" @default.
- W3125012251 modified "2023-09-25" @default.
- W3125012251 title "CETA: Gold Standard or Greenwashing?" @default.
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- W3125012251 doi "https://doi.org/10.1007/978-94-6265-423-5_4" @default.
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