Trade chief acknowledges more controversial TTIP will not happen this year. […]

Malmström said the legal experts from Brussels and Ottawa are “basically done” with the so-called “legal scrubbing,” the final stage for the Comprehensive Economic and Trade Agreement between the EU and Canada, or CETA. […]

The investor arbitration system at issue lets foreign investors sue states on claims that their investments are jeopardized through sudden changes in national law or discriminatory measures. Critics see this as a chance to undermine democratic legislation, but the Commission argues that the draft Canadian agreement already includes a revised version of the dispute settlement mechanism.

Malmström recently proposed to revamp the ISDS even further in the EU deal, and she is now trying to bring at least some of these reforms also into the Canadian pact. […]

http://www.politico.eu/article/ceta-trade-deal-ttip-malmstrom-isds-canada/