November 10, 2014 / 2:23 PM / 3 years ago

Only small changes possible to EU-Canada pact investor clause: EU

BERLIN (Reuters) - Only small changes can be made to an investment protection clause in a trade pact between Canada and the European Union, European Trade Commissioner Cecilia Malmstrom said on Monday.

“There can be minor clarifications and adjustments,” she told a news conference in Berlin with German Economy Minister Sigmar Gabriel.

Gabriel added that the investor protection clause in the EU-Canada Comprehensive Economic and Trade Agreement (CETA) could not be changed totally.

The clause is disputed because it would allow companies to take cross-border legal action against governments.

In September, Gabriel had said Berlin would not sign unless this clause were scrapped. The deal could boost bilateral trade by a fifth to 26 billion euros ($34 billion) and is widely seen as a template for an EU trade pact with the United States.

Reporting by Markus Wacket; Writing by Michael Nienaber; Editing by Stephen Brown

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below