Today CEEP took part in the briefing organized by DG Trade on the Public consultation on modalities for investment protection and ISDS in TTIP. In the first part of the meeting, Mr. Schlegelmilch, Director Services and Investment, highlighted that the aim of the Commission is to find a balance between “investors’ protection and the right for States to regulate.” Mr. Schlegelmilch further underlined the necessity of such a consultation in order to address shortcomings of some of the ISDS provisions.
CEEP, as well as numerous other stakeholders, raised concerns on the possibilities for private utilities to circumvent national legal systems and to potentially sue a State for implementing social and environmental policies. To the question whether or not ISDS was an appropriate tool to be included in TTIP, the Commission said it was beyond the boundaries of its mandate and not the goal of this consultation. Important questions remains open, especially the one on the way this ongoing consultation on ISDS will impact negotiations on TTIP.
On all those matters CEEP is currently consulting its members and will release its answer to the consultation on modalities for investment protection and ISDS in TTIP at the beginning of July. The Commission will publish a report on this consultation after the summer.