November 10, 2016
The Comprehensive Economic and Trade Agreement or CETA was thought to have been killed earlier in the week when the small Belgium town of Wallonia blocked the ratification process based on their belief the accord would undermine labour, environment and consumer standards for their citizens. Today, the dead deal has risen back to life as it was announced that Belgium was able to unite in its acceptance of CETA and a trade agreement between Canada and the EU may be days away. What exactly was promised to Wallonia is not known but the Prime Minister of Belgium was somehow able to appease the concerns of the Walloons. It is not anticipated that any regional objections will arise in Canada as all the provinces and territories were at the negotiating table along with the feds when the final text was signed.
With respect to our industry – the major victory within CETA is our new found ability to appeal court decisions where the patent is ruled invalid. This process was always available to challengers but not to patent-owners.
For more information, please contact Marla Weingarten, Consultant, The Pangaea Group