EU Rejecting Core Of TAFTA, Unwilling To Cede Protection
Last week 10 European NGOs issued a joint statement raising doubts about the TTIP's mechanism for legal disputes, called the "Investor-State Dispute Settlement (ISDS)".
The statement said there was a risk the mechanism could "open the gates for multinationals and investors to sue EU member states if new environmental or health legislation is introduced that adversely affects their business prospects".
It warned of a "chilling" effect - the fear that legislating in certain areas of public health or the environment could trigger expensive lawsuits with US companies.