TTIP: EU & US consumers want ISDS out, argues Transatlantic Consumer Dialogue
Lénaïc Vaudin d’Imécourt, Trade Editor at EU Trade Insights, talks to Anna Fielder – senior policy advisor of the Transatlantic Consumer Dialogue (TACD) – about the on-going TTIP negotiations.
In the interview Fielder underlines that the investor-state dispute settlement mechanism (ISDS) should be completely removed from the TTIP agreement: “we do not understand why democratic economies with advanced juridical systems would need a private court”. According to the senior policy advisor of the TACD, the TTIP agreement could bring certain benefits to the EU and US consumers. However, first of all, the negotiations should be more open to the public and reach the highest levels of transparency.