The European Parliament’s Committee on International Trade has given its go-ahead to the European Commission on the EU-US trade agreement, conceding that a controversial arbitration clause, albeit reformed, needs to remain part of the deal.
At the end of fierce horse-trading between political parties, the non-binding resolution negotiated through late into the night passed on Thursday (28 May) with 28 votes, 13 against and no abstentions.
MEPs urged negotiators to make sure the Transatlantic Trade and Investment Partnership (TTIP) would not undermine EU standards or governments’ right to regulate in the public interest, but also find a way to include a reformed Investor-State Dispute Settlement (ISDS). Click here to read more.
Related: MEPs Back U.S. Free Trade After Socialist U-turn (EU Observer)