Sustainability of Canadian fisheries at risk in CETA negotiations
"The Canada-EU free trade deal and other "next generation" treaties threaten Canada's regulation of fisheries and put Canadian fishing jobs at risk, says a new report by the Canadian Centre for Policy Alternatives.
"Globalization, Trade Treaties and the Future of the Atlantic Canadian Fisheries" contains newly leaked information from ongoing Canada-EU trade and investment negotiations suggesting the EU "is strongly pressuring Canada to abolish minimum processing requirements in the CETA."
These documents also show that the provinces have not adequately safeguarded their ability to maintain or set new fisheries policy in the future, since European fishing companies would have enormous rights under the planned investment chapter to challenge those policies as unfair, and seek compensation. Canada has paid out or is on the hook for over $200 million in fines or settlements to U.S. companies under NAFTA's investor-state dispute settlement process, including from successful corporate challenges to Canadian environmental and natural resource policy."