Call to rethink disputes system

A pan-European consumer rights body has voiced its opposition to the controversial investor dispute mechanism touted as part of a transatlantic trade deal.

The opposition comes despite moves last week to significantly alter the so-called investor state dispute settlement system (ISDS).

The European Consumer Organisation (BEUC) said a decision by the European Parliament to replace ISDS with a new dispute resolution mechanism as part of the proposed Transatlantic Trade and Investment Partnership (TTIP) is welcome, but does not go far enough.