Should the EU and Canada sign the CETA treaty, it threatens to turn democracy into a pawn in the games of multinational corporations: Companies could sue states via their Canadian subsidiaries when public policies lead to a reduction of their profits. Private arbitration panels, operating behind closed doors, could award billions in compensation to corporations – to be paid for by taxpayers’ money.
Signing CETA would pave the way for the TTIP agreement between the EU and the US to enter through the back door. Both agreements threaten to weaken existing laws that restrict the use of genetic engineering in agriculture or prevent the contamination of drinking water through fracking. Privatisation of public services would no longer be reversible.
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