S&D MEP Sorin Moisa, who is responsible for the CETA agreement in the S&D Group, added:
“Today's vote on CETA is a major step towards consolidating the role of the S&Ds as the key political group in the European Parliament on reforming Europe's trade policy.
“Our progressive agenda has shaped the CETA package, including by introducing a public system of investment dispute settlement with a role for the European Parliament in the selection of independent judges; ensuring exclusive sovereign control of our own standards and public services; and promoting trade and sustainable development, including by moving towards a sanctions-based system.
“CETA helps to recapture some of the ground lost to multinationals in the early stages of rampant globalisation, protecting the right to regulate and creating a level playing field for SMEs.”
Note to the editors:
Following strong pressure from the S&D Group to put an end to the current investor-state dispute resolution system (ISDS), the Commission proposed in CETA a permanent court with public judges with members selected at random for each case, a permanent Appellate Tribunal, a code of conduct enforceable by the president of the International Court of Justice and an article on preserving the right to regulate.