The EU and Canada announced on Monday that they have revised the investment protection terms in their bilateral trade pact, with the new version now including an investment court system that Brussels is hoping to pursue in other trade agreements – including with the US. “We have responded to Canadians, EU citizens, and businesses with a fairer, more transparent system,” said EU Trade Commissioner Cecilia Malmström and Canadian Trade Minister Chrystia Freeland in a joint statement . The changes were made during the “legal scrub” of the trade deal, which is known as the Comprehensive Economic and Trade Agreement (CETA). The original negotiations for the pact were completed in 2014, following over six years of talks. “With the changes we have agreed we bring CETA fully in line with our new approach on investment protection in trade agreements. In particular, we demonstrate our determination to protect governments’ right to regulate, and to ensure that investment disputes will be adjudicated in full accordance with the rule of law,” said the European Commission’s First Vice President, Frans Timmermans. Eyes on international investment court Under the terms of the revised investment chapter , the EU and Canada will now put in place a...