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Canada will likely be left out of a new system proposed by the European Union for settling disputes between countries and corporations—at least for now.
The commission proposed the court as a way to satisfy European opponents of the investor-state arbitration system enshrined in many of the EU’s existing trade and investment deals, including Canada's trade deal with the EU, said EU Ambassador Marie-Anne Coninsx.
If the EU Parliament and member states approve the proposed investment court, the EU will push to include it in “ongoing and future investment negotiations” instead of the controversial investor-state arbitration process, according to a Sept. 16 EU press...