We were all holding our breath during Wallonia’s valiant battle against the concentrated power of the EU’s free trade lobby. Reading today’s headlines, you might think Wallonia has finally given in to CETA.
No, they have not. The EU-Canada trade deal is now further from being approved than it was 10 days ago.
In the new agreement, four of Belgium’s seven governments clearly say that they will not ratify CETA if there are no changes to ICS, the special court for foreign investors. Should the EU and Canada want to disarm this ticking time bomb, they will have to agree on some substantial, legally binding changes.