Economic Development

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Why The Netherlands should ratify CETA

International law has been front-page news in The Netherlands for the past weeks as the Dutch Parliament is debating whether or not to ratify the Comprehensive Economic and Trade Agreement between the EU and Canada (CETA). The so-called Second Chamber (Chamber of Representatives) approved such ratification in February 2020 and the issue will be put to a vote shortly in the First Chamber (Senate). It is not unthinkable that the Senate will disagree with the Chamber of Representatives, withhold its approval and thereby scupper the full entry into force of CETA for the entire EU. Exclusive vs. shared competence A brief recap: EU Member States have transferred the exclusive competence to negotiate and conclude trade agreements to the EU. Since the entry into force of the Lisbon Treaty in 2009, this exclusive competence also encompasses foreign direct investment. CETA is one of the first examples of the EU’s exercise of this newly acquired competence: it is primarily a trade and investment agreement, but it is also one of the first…

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The Revived Debate over Development and Human Rights: Economic Self-Determination, Sovereignty, and Non-Discrimination in State Policies

2017 closed, and 2018 began, with triumphant pronouncements of economic recovery in the United States (e.g. the US economy growing again at its fastest pace at 3.2% GDP growth rate, lowest unemployment rate at 4.1%) and the European Union (e.g. registering its highest GDP growth rate in ten years at 2.2%) - leading the International…

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