It is his successor, Cecilia Malmström, who will have to take the results of this public consultation squarely on the chin on Tuesday. It’s going to be a big (and possibly bruising) day for EU trade policy.
All the furore hinges on clauses of the US-EU accord that would allow foreign investors to sue governments in international tribunals, bypassing national courts.
This is technically known as Investor State Dispute Settlement, or ISDS, and has caused a huge international stink. It is probably the single biggest political obstacle to the EU-US deal, known as the Transatlantic Trade and Investment Partnership, which is potentially the world’s biggest trade deal. Reservations about ISDS are particularly strong in Germany and Austria.
So what will this consultation show on Tuesday? As far as we know, more than 150,000 people have written in. The vast majority are unhappy. To give a scale of the feverish interest in this topic, the trade commission has never held a public consultation that garnered more than 1,000 responses before. Read more