There seems to be a strong indication that Germany will not agree to the Canada-EU Trade Agreement (CETA) unless the Investor-State Dispute Settlement (ISDS) mechanism is removed. Good news indeed.
If that’s the case – and CETA was supposed to have been agreed at a Canada-EU summit last Friday. But there are strong indications that Germany will say no unless ISDS is scrapped. The reason: they think that the legal systems of both Canada and EU Member States are strong enough to protect investors. Hurrah! They finally got it.
And if they say no to this in CETA it follows they must say no to this in TTIP!
Read more on the CETA story here: http://www.euractiv.com/sections/trade-industry/germany-wants-investment-clause-scrapped-eu-canada-trade-deal-308717?utm_source=EurActiv+Newsletter&utm_campaign=69c685e85e-newsletter_weekly_update&utm_medium=email&utm_term=0_bab5f0ea4e-69c685e85e-245725481
So far, I haven’t found any news on what happened on Friday in the press. Watch this space. I’ll post an update when I have found something. But for now, I’m hopeful.