Should investors be able to sue governments? That issue is up for debate right now in the ongoing negotiations between the EU and the US over a free trade deal.
Germany had challenged the court's right to rule on a damages claim by Sweden's Vatenfall over Berlin's nuclear phaseout. The ruling threatens to significantly raise the German government's planned compensation bill.
The new government in Rome is walking in the footsteps of Donald Trump's trade protectionism, as it has threatened to torpedo the CETA trade agreement because it doesn't protect Italy's farmers and their products.
US Commerce Secretary Wilbur Ross has told a Berlin audience that the US remains open to a free trade pact with the EU. German Chancellor Angela Merkel welcomed the proposal, but chided the Trump administration on trade.
The EU and the 10-member bloc of Southeast Asian states are to put a trade pact back on the agenda after a 7-year hiatus. Currently only Singapore and Vietnam have free trade deals with Europe.
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