The recent investment arbitral decision against the Philippines in favor of the Belgian corporation should be a wake up call on the dangers posed by free trade and investment agreements.
Named after Namur, the capital of Wallonia, the declaration is signed by three dozen university professors from many countries, including the US and Canada.
The Walloon minister president Paul Magnette announced again that his region is ready to block the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada
The president of Walloon party CDH has repeated that there had been insinuations about negative consequences for the region if it continued to veto the trade treaty with Canada.
After doubt was cast on Europe’s ability to negotiate a free trade deal with Canada, the tides turned as Belgium came to an internal consensus on conditions for signing the EU-Canada deal
Belgian politicians failed to break their deadlock over a planned EU-Canada free trade agreement. The news prompted Canadian Prime Minister Justin Trudeau to call off plans to fly to Brussels.
Belgium is not able to sign off on a landmark EU-Canada free trade deal after Wallonia and other regional administrations refused to give the federal government the go-ahead
The European Union and Canada will decide on Monday whether to gather for a summit later this week to sign the imperilled CETA trade pact, a European source told AFP.