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Old 27-04-2016, 21:20   #1621
Ramrod
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re: [Update] The UK votes to leave the EU

Quote:
Originally Posted by techguyone View Post
And this is what happens when it's imposed on Canada:
Quote:
A report commissioned by the British government reveals that major U.S. corporates have sued the Canadian government for billions of dollars under a clause of the North American Free Trade Agreement (NAFTA). Despite this, U.S. President Barack Obama told a press conference in Germany this weekend that “none of these [corporate law suits] had happened with the many trade agreements that currently exist”.

Speaking on the Trans-Atlantic Trade and Investment Partnership (TTIP) in a question and answer session alongside Germany Chancellor Angela Merkel on Sunday, President Obama specifically made reference to the Investor-State Dispute Settlement clause of TTIP, which is causing consternation across Europe for fears of U.S. companies suing national governments across Europe.

a report from 2013 reveals that U.S. corporates up until 2013 have sued the Canadian government for up to $2 billion and that the UK “would be more prone to US claims than Canada”.

These suits were brought against the Canadian tax payer for issues such as governmental bans on additives, denial of licences, and the U.S. Postal Service even sued the Canadian postal service for “anti-competitive practices”. In practice, the same kind of suit could be brought against Britain’s National Health Service (NHS), as being government-run makes it an effective monopoly and therefore “anti-competitive”.
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