Canadian Government: Isds Process and Trade Campaigner
canadian government: First, the loss of the investor-state dispute-settlement ISDS process, which allowed private corporations to sue governments for lost profits related to public policy, and the removal of NAFTA's energy proportionality clause, which obliges Canada to export a set amount of energy to the U.S. Meanwhile, Brent Patterson notes that while the USMCA may not contain an ISDS process, its six-year anniversary review process will likely achieve a similar effect, deterring the Canadian government from imposing regulations that may be deemed unfavourable by foreign investors, according to Rabble. But the new deal is no cause for celebration, Patterson argues. Sujata Dey, a trade campaigner with the Council of Canadians, points to two wins in the new agreement. Clauses related to the environment and Indigenous communities fail to bind countries to adopt the United Nations Declaration on Rights of Indigenous Peoples; lengthens drug patents, shoring up Big Pharma's profits; and Canadian farms will take a blow now that the U.S. has access to the Canadian dairy supply management chain. For more in-depth coverage of USMCA and its implications for Canadians, listen to Unifor President Jerry Dias interviewed on rabble radio, read Brent Patterson on why Big Oil companies are celebrating, and follow Duncan Cameron's analysis on why the deal represents a capitulation to Trump on trade. All in all, the agreement is far from the progressive trade deal Trudeau promised. (www.immigrantscanada.com). As reported in the news.