Strategic Partnership Agreement (Spa)

In 2016, when the EU was in the process of signing its agreement with Canada, the Comprehensive Economic and Trade Agreement (CETA), it had an unpleasant surprise when the Walloon region of Belgium opposed the agreement and threatened to block it. Subsequently, with regard to the free trade agreement between the European Union and Singapore, the Court of Justice of the European Union decided that its dispute settlement mechanism for investments falls within the competences of the EU and the Member States, so that the agreement must be concluded jointly by the EU and its Member States. Given the slow pace of negotiations for an investment agreement and in view of these two previous events, the issue of investment protection has been excluded from the EU-Japan EPA, so that the entry into force of the agreement cannot be delayed or completely prevented by a single Member State.

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