World Trade – Traffic Light Supports Ceta Agreement – Economy

The parliamentary groups of SPD, Greens and FDP want to get the CETA trade agreement between the EU and Canada through the Bundestag. This was announced by representatives of the three coalition groups. To do this, however, they want to make improvements to the agreement that has already been negotiated. According to Green Party leader Katharina Dröge, this is about the regulations on investor arbitration courts, which should be “defused”. Corporations should not be able to use these instruments to pressure environmental regulations, said Dröge.

Ceta has been in force for the time being since September 21, 2017 – but only in those areas for which the EU alone is undoubtedly responsible and not the member states. The other parts are on hold pending ratification. In the EU, there is still no approval from twelve countries, including Germany. Canada and the EU themselves have yet to ratify Ceta. Therefore, nothing changes with the agreement between the traffic light factions. So far, however, there have been concerns, especially among the Greens, for example about a special right of corporations to take legal action provided for in the agreement.

source site