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EU Trade Commissioner Karel De Gucht Warns ‘No TTIP Without ISDS’

Posted October 20, 2014

Under Economic Issues, International Trade Issues

(Finbarr Bermingham – IB Times)

The European Trade Commissioner Karel De Gucht has warned that there will be no free trade agreement between the EU and US without the controversial investor-state dispute settlement (ISDS) clause.

Speaking to Reuters in Rome, De Gucht – who is to leave his position shortly – said, in reference to the clause’s biggest European objector, Germany: “They should realise there will be no TTIP without an ISDS,” adding that neither side would be able to insist on investor protection clauses in other agreements if they didn’t include it in the Transatlantic Trade and Investor Partnership (TTIP).” Read more here.