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Linda_Owl's avatar

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

Asked by Linda_Owl (7748points) 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)

http://truth-out.org/news/item/10195-america-the-beautiful-a-fire-sale-for-foreign-corporations

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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