scholarly journals The Signing, Provisional Application, and Conclusion of Trade and Investment Agreements in the EU. The Case of CETA and Opinion 2/15

Author(s):  
David Kleimann ◽  
Gesa KKbek
2021 ◽  
pp. 34-46
Author(s):  
Marie-Claire Cordonier Segger

Based on a survey of concerns raised in recent sustainability impact assessments (SIAs), environmental reviews (ERs) and environmental assessments (EAs), this chapter uncovers illustrative examples which help explain the potential material impacts of increased trade and investment on economic, social and environmental conditions that can affect countries’ potential for sustainable development. To this end, it briefly reviews material economic, social and environmental concerns documented in European SIAs such as the EU-Chile SIA; in North American ERs such as the Chile-US ER; and other impacts assessments, including several social and human rights impacts assessments. It then draws on this review to consider the negative social and environmental impacts that may be caused or exacerbated by trade and investment treaty provisions, recognizing that social and environmental impacts of liberalization under trade and investment agreements are not always positive. Further, it introduces the need to consider how States are seeking to mitigate such impacts, including the necessary policy and legal dimensions discussed in the following chapter.


Author(s):  
Stefan Griller ◽  
Walter Obwexer ◽  
Erich Vranes

This chapter synopsizes principal conclusions presented in this book. It stresses that mega-regional agreements risk further augmenting the fragmentation of international economic law and undermining the WTO negotiating forum. Regarding regulatory cooperation, it questions whether non-binding initiatives as those envisioned under CETA and TTIP will succeed and argues that efforts to reduce the vagueness of investment disciplines and thereby to protect domestic policy spaces are questionable. It also stresses that the controversial division of competences between the EU and its Member States greatly impedes their capability to act in international relations. It submits furthermore that citizens are increasingly anxious that they may not be able to democratically influence the process of international economic governance, which makes them feel progressively estranged also from European integration. This chapter concludes that international trade and investment agreements will, for a considerable time, not be discussed, negotiated, and concluded, in the same manner again.


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