Trans-Pacific Partnership (TPP): Job Loss, Lower Wages and Higher Drug Prices
Have you heard? The TPP is a massive, controversial “free trade” agreement currently being pushed by big corporations and negotiated behind closed doors by officials from the United States and 11 other countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. In one fell swoop, this secretive deal could:
Although it is called a “free trade” agreement, the TPP is not mainly about trade. Of TPP’s 29 draft chapters, only five deal with traditional trade issues. One chapter would provide incentives to offshore jobs to low-wage countries. Many would impose limits on government policies that we rely on in our daily lives for safe food, a clean environment, and more. Our domestic federal, state and local policies would be required to comply with TPP rules.
The TPP would even elevate individual foreign firms to equal status with sovereign nations, empowering them to privately enforce new rights and privileges, provided by the pact, by dragging governments to foreign tribunals to demand taxpayer compensation over policies that they claim undermine their expected future profits.
We only know about the TPP’s threats thanks to leaks – the public is not allowed to see the draft TPP text. Even members of Congress, after being denied the text for years, are now only provided limited access. Meanwhile, more than 600 official corporate “trade advisors” have special access. The TPP has been under negotiation for five years, and the Obama administration wants to sign the deal by early 2014. Opposition to the TPP is growing at home and in many of the other countries involved.
Go here to find out: http://www.citizen.org/TPP
More links: http://www.flushthetpp.org/