In April of 2016, I posted about a European initiative to reform investment tribunals. I thought it an excellent idea. The idea would be to make the tribunals more like real honest-to-goodness courts, with due process and precedent and all.
Well, now that proposal is enshrined in law in the new European trade deals with Canada and Vietnam. Better still, the Canadians and Europeans are looking to broaden the system, inviting even more countries to participate. It is refreshing on two counts. First, cooperation in this world of increasing deglobalization. Second, it is a progressive multilateral institution, one which might make the world a marginally fairer place.