UN expert urges govts. to reconsider intl. investment agreements giving power to companies at expense of human rights
Author: Office of the High Commissioner for Human Rights, Published on: 1 November 2016
"UN rights expert urges States not to sign the ‘flawed’ CETA treaty and put it to referendum", 28 Oct 2016
The trade deal set to be signed by the European Union and Canada is a corporate-driven, fundamentally flawed treaty which should not be signed or ratified without a referendum in each country concerned, a United Nations human rights expert says...He believes that both CETA and TTIP...give undue power to corporations at the expense of national governments and human rights, and deplores that the mere existence of investor-state dispute settlement generates a regulatory chill...States should not sign the agreement unless their powers to regulate and legislate in the public interest are fully safeguarded and the so-called “investment protection” chapter is removed...[T]he Investment Court System (ICS) is similarly incompatible with the International Covenant on Civil and Political Rights...“There is a legitimate fear that CETA will dilute environmental standards, food security, and health and labour protection,” he said. “A treaty that strengthens the position of investors, transnational corporations and monopolies at the expense of the public interest conflicts with the duty of States to protect all people..."...