What is CETA?
The Comprehensive Economic and Trade Agreement (CETA) is a deal negotiated between the EU and Canada which poses a major threat to our democracy, public services and the environment.
It has been dubbed the "little brother" of the better known Transatlantic Trade and Investment Partnership (TTIP) between the EU and the USA. But CETA negotiations are already finalised and the deal could be ratified as early as mid 2016.
Like TTIP, CETA could have wide-ranging effects on our lives. If ratified, CETA would:
- Allow corporations to sue governments in secret offshore courts for making laws to protect their citizens.
- Hand multinationals a greater role in making new regulation and thereby risk sparking a race to the bottom in standards for important areas like food safety and environmental regulation.
- Lock in privatisation of services. CETA includes a ‘rachet’ clause which only allows governments to move in the direction of privatisation.
- Remove protection for key UK products like Cornish pasties or Cumberland sausages.