EU delays ISDS decision after 88% reject it in Transatlantic Agreement
James Crisp reported on January 15 that the European Union won’t decide whether to include the investor- state-dispute-settlement (ISDS) clause in the Transatlantic Trade and Investment Partnership (TTIP) until the “final phase of the negotiations” with the US.
ISDS is controversial because it allows investors to take governments to international arbitration tribunals rather than to domestic courts. The US wants ISDS included in the TTIP
Negotiations on investment in TTIP were suspended in January 2014. It held a public consultation on ISDS, from March to July.attracting about 150,000 replies, the most the Commission has ever received for a consultation. The majority (88%) did not want the clause in TTIP.