From the Council of Canadians
Trade, Investment and Labour Mobility Agreement (TILMA)
Another acronym to learn, another trade agreement to fight
We thought we’d seen them all – NAFTA, FTAA, WTO, GATS – different acronyms, but the same system of unfair trade. But there’s a new one to learn and to fight: TILMA. In April 2006, without public consultation or legislative debate, the premiers of Alberta and British Columbia signed an unprecedented inter-provincial free trade deal called the Trade, Investment and Labour Mobility Agreement.
This deal allows corporations and individuals to sue provincial governments for any provincial or municipal government measure they feel “restricts or impairs” their investment (i.e. their profits). Under TILMA, even measures designed to protect the environment and public health are vulnerable to attack from corporate lawsuits with compensation penalties as high as $5-million.
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