CETA has sparked angry protests across Europe [Image: AFP].

CETA has sparked angry protests across Europe [Image: AFP].

From the BBC’s reports yesterday, one would have thought the corporates had won and the Walloons had caved in.

The Corporation’s version of the CETA story was that Wallonia, in Belgium, had finally agreed to the CETA trade deal, under pressure from the other 27 EU member states (including the UK).

But it seems – and I put it no more strongly than that, because this information comes from the Express – that the agreement is conditional on the controversial Investor-State Dispute Settlement system, under which multinational corporations can sue nation states if legislation affects their profits, being referred to the International Court of Justice for a ruling on its legality.

Such a ruling could affect any future international trade deal – so This Blog welcomes it.

If it happens.

[The EU’s] shambolic trade deal with Canada may not go ahead after all despite crowing eurocrats insisting they have broken an impasse with the Belgian government.

The crumbling agreement will only be applied provisionally and will face a make-or-break challenge to its legality under EU law as part of a deal brokered with the tiny region of Wallonia.

The shock admission was buried deep in a statement released by the Belgian government today, in which ministers in Brussels revealed they are finally ready to ratify the signing of the agreement.

But in return for the support of the regional parliament of Wallonia, which had been blocking the deal, they have agreed to refer its most controversial component to the European Court of Justice (ECJ) for a ruling.

It is possible that the Investor Dispute Settlement System (ISDS), which allows corporations to sue elected governments for policies that affect their profits, will be ruled incompatible with the EU treaties.

Source: CETA: Belgium to refer EU-Canada trade deal to European Court of Justice | World | News | Daily Express

Join the Vox Political Facebook page.

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Vox Political needs your help!
If you want to support this site
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Buy Vox Political books so we can continue
fighting for the facts.

The Livingstone Presumption is now available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here: