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Linda_Owl's avatar

Have you read or heard anything about the Trans-Pacific Partnership?

Asked by Linda_Owl (7743points) July 10th, 2012

For the past 2 years the Trans-Pacific Partnership (the TPP) have been working in secret to draft a trade agreement between the US & 8 Pacific Nations. (this link will give you the information)

This ‘trade agreement’ was over seen by 600 representatives of multinational corporations… but not with any over-sight of American government. The ‘trade treaty’ will allow greater rights to FOREIGN firms than it will allow to domestic firms. The ‘trade treaty’ will EXTEND incentives for US firms to move investments & jobs to lower wage countries. The ‘trade treaty’ will establish an alternative legal system allowing the foreign nations to circumvent US laws by allowing lawsuits against domestic companies to be heard in foreign tribunals. This ‘trade treaty’ will allow foreign businesses to lay claim to our forests for timber, mining that will damage both our water & our environment, & these foreign companies will be able to sue the US businesses for any reduction of investment return – they will be able to sue the US in the courts of the foreign nation where the businesses are located. One has to wonder why this is being allowed to continue? Do the big corporations have this much control over the US government / Congress?

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5 Answers

Brian1946's avatar

I have, and although the consequences of this aren’t as potentially catastrophic as what you’ve described in your details, aren’t the perpetraitors of this also trying to pervert copyright laws so that one can’t even resell products that they’ve legally purchased?

E.g., if this abomination is enacted, I might not even be able to resell my TV because I would be “violating” Samsung’s copyright.

ETpro's avatar

What I have read of its probable terms terrify me. It’s apparently a corporatist globalist’s wet dream. Negotiations on it have been kept secret, so it’s anybody’s guess what’s really in it. I just encourage all to bombard congress and the White House with email, snail mail and phone calls saying “Do not pass the TPP without giving it a full and open public debate and allowing the American People to learn what’s in it and react accordingly.”

dabbler's avatar

Yikes! Sounds like the WTO on steroids.
I can’t believe we got into the WTO and yield our sovereignty to an unelected secretive trade organization.

Cruiser's avatar

What I have read and am reading is making my hair stand on end. Daily Kos has highlighted some snippets of the goings on to date….

“Under the agreement currently being advocated by the Obama administration, American corporations would continue to be subject to domestic laws and regulations on the environment, banking and other issues. But foreign corporations operating within the U.S. would be permitted to appeal key American legal or regulatory rulings to an international tribunal. That international tribunal would be granted the power to overrule American law and impose trade sanctions on the United States for failing to abide by its rulings.”

”“It’s been branded as a trade agreement but it’s really enforceable global corporate governance. It requires any signatory country to confirm its laws, regulations and administrative procedures to 26 chapters of comprehensive rules, only two of which have to do with trade. The other 24 chapters sets forth a whole new corporate set of rights that handcuffs governments and limits regulations.”

”œThe new rights give foreign corporations the right to privately enforce this public treaty and sue our government, raiding our treasury over the costs of complying with policies that all US companies have to comply with.”

”œThis isn’™t just a bad trade agreement, it’s the 1 percenters power tool that could rip up our basic needs and rights.””

What just concluded yesterday was more stakeholders meetings in San Diego on this agreement. I am curious to see transcripts from this meeting and even more curious to find out who these “Registered Direct Stakeholders” are. I have tried all morning to find this out with no luck at all. I always say follow the money to see who is really driving this POS agreement.

ETpro's avatar

@Cruiser Glad to see another citizen realizes what this entails.

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