Oireachtas Joint and Select Committees

Wednesday, 22 September 2021

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

EU-Canada Comprehensive Economic and Trade Agreement: Minister for Enterprise, Trade and Employment

Photo of Paul MurphyPaul Murphy (Dublin South West, RISE) | Oireachtas source

There are plenty of bad ISDS mechanisms. There is no question about that. That is where the 1,000 Canadian corporations are taking these cases worth hundreds of billions of dollars. They have been widely criticised. There is no question that these exist but this is a new development in respect of the EU and Canada. As has been said repeatedly by the Minister and others, this will be the model. It continues the same bad practice of a parallel justice system that only corporations can access. That is the fundamental point. It is not subject to change by democratically elected politicians. It is simply that we have this agreement and that is what they will implement.

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