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
Paul Murphy (Dublin South West, RISE)
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After he had said that he accepted that it is not all the same, he then stated, "There is no change in that regard". If we ratify CETA, Canadian corporations will be able to sue us in a private administrative tribunal, called an investor court system, that they cannot sue the State in now. That is a fundamental difference. It is the difference between IRES REIT taking a case against the State in an Irish court, where we, as elected politicians, decide democratically what the laws are and decide to change them, compared to the ability of such a company to sue the State in a private tribunal.