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Karel De Gucht

On the public online consultation on investor protection in the EU-US trade agreement

"I fully agree with the many critics who claim that investor-to-state-dispute settlement (ISDS) up until now has resulted in some very worrying examples of litigation against the state. The problem lies in some features of the existing 3000 investment agreements currently in operation around the world. The only way to stop abuse in the future is to re-do investment protection standards and ISDS by building a legally water-tight system; to ensure there is clear and detailed legal language which is not open to controversial or unintended interpretation and which creates a system which is transparent and accountable. I invite everyone who is interested to participate in this public consultation."

- EU Trade Commissioner Karel De Gucht, Brussels, 27 March 2014

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