Chris Cummings, Chief Executive of TheCityUK comments:
The European Commission has decided that it should launch a public consultation on a very specific part of the TTIP negotiating agenda relating to investor-state dispute settlement. We urge the Commission to complete this consultation with due vigour.
This move need not delay any other part of the negotiations. It should not impact the desire to conclude an ambitious and comprehensive agreement that brings significant benefits to the transatlantic economy, while respecting the parties' well-established right to regulate. TheCityUK urges EU & US negotiators to continue their work to make meaningful progress across the portfolio of issues. The political stocktake at the end of February will be an important signal that the negotiations are on course to deliver the huge potential in both market access & regulatory coherence.