International Trade Daily™ provides rapid, reliable notification of the most significant developments affecting U.S. trade and international business policy, as well as the policies of major U.S....
Sept. 3 — A EU spokesman on trade said EU trade negotiators by year-end will draft a new proposal regarding rules for resolving investor claims against governments under the Transatlantic Trade and Investment Partnership (TTIP).
“Once the proposal has been made, it will defreeze negotiations,” the spokesman predicted.
A chapter on investor-state dispute settlement in the pending U.S.-EU trade agreement continues to be controversial between the two country's negotiations as well as within the European Parliament.
The spokesman said legal experts from the Directorate General for Trade of the European Commission are working on new text for the chapter, and have not yet shared the draft with the EU Parliament or with their U.S. counterparts.
The European Parliament July 8 approved a resolution calling for the U.S. and the EU to include in the TTIP an arbitration system that respects the jurisdiction of EU and members state courts and in which “private interests cannot undermine public policy objectives”.
Later in July, at the end of the 10th round of talks on TTIP, EU chief negotiator Ignacio Garcia Bercero told reporters that he and his team “would be aiming to put forward a proposal to the United States that is different from the existing ISDS regime.”
But trade groups are uncertain about the extent to which EU lawyers could budge from their previous stance, and thereby reach agreement with U.S. negotiators.
“We aren't sure what they will propose, but we are skeptical,” the head of a global trade federation in Brussels told Bloomberg BNA on Sept. 3. “We don't see much scope for changing the ISDS system. We expect they will find a political way to present the same text differently.”
To contact the reporter on this story: Michael Scaturro in Brussels at email@example.com
To contact the editor responsible for this story: Jerome Ashton at firstname.lastname@example.org
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)