EU Canada trade deal that gives corporations huge power shot down by Irish Senate
The Seanad has voted against the EU Canada trade deal that the European Commission hope to bring in at the end of the month. The vote makes the Irish parliament first in the world to reject the deal and Friends of the Earth are calling on the Taoiseach Enda Kenny to respect the vote of the Seanad. This trade deal, the Comprehensive Economic Trade Agreement or CETA for short, is part of a new breed of trade deals that raise serious issues about the power of multinational companies. CETA, if it is allowed to go ahead, will see companies able to sue countries like Ireland for bringing in laws that damage their profits. Examples of this include: tobacco companies suing for new laws against cigarette packaging and energy companies suing over fracking bans.