Most of you have probably been wondering what's in the TPP, but also thinking it should be like Obama campaigned on, that being approximately like this-
- Promise of enforceable international labor and environmental standards.
- Promise that no future bilateral agreements “will stop the government from protecting the environment, food safety, or the health of its citizens; give greater rights to foreign investors than to U.S. investors; require the privatization of our vital public services; or prevent developing country governments from adopting humanitarian licensing policies to improve access to life-saving medications.”
- Promise to stand firm against bilateral agreements that fail to live up to these benchmarks, with commitment to strive to achieve them in the multilateral framework. ~ http://www.citizenstrade.org/ctc/activist-resources/president-barack-obama-on-trade-issues/
But according to the leaked documents the TPP is looking quite different-
• Limit how U.S. federal and state officials could regulate foreign firms operating within U.S. boundaries, with requirements to provide them greater rights than domestic firms.
• Extend the incentives for U.S. firms to offshore investment and jobs to lower-wage countries.
• Establish a two-track legal system that gives foreign firms new rights to skirt U.S. courts and laws, directly sue the U.S. government before foreign tribunals and
• Demand compensation for financial, health, environmental, land use and other laws they claim undermine their TPP privileges.
• Allow foreign firms to demand compensation for the costs of complying with U.S. financial or environmental regulations that apply equally to domestic and foreign firms.
"We are signing away not just our democratic right to make our own laws, but also the integrity of our judicial system and its ability to function according to our Constitution and legal norms." ~ http://www.huffingtonpost.com/ian-fletcher/leak-cracks-open-transpac_b_1594675.html
A fuller explanation here- http://www.citizen.org/documents/Leaked-TPP-Investment-Analysis.pdf
"The TPP may well be the last trade agreement that the U.S. negotiates. This is because the TPP, if completed, would have a new feature: it would be open for any other country to later join. TPP offered an opportunity to develop a new trade agreement model that could deliver the benefits of expanded trade without undermining signatory nations’ domestic public interest policies or establishing special privileges for foreign corporations. President Obama campaigned on fixing these investment rules to protect the public interest.1 Unfortunately, Public Citizen’s analysis of this text shows that the U.S. positions do not reflect the changes that candidate Obama pledged to remedy this regime’s threats."
"Trans-Pacific negotiations have been taking place throughout the Obama presidency. The deal is strongly supported by the U.S. Chamber of Commerce, the top lobbying group for American corporations. Obama's Republican opponent in the 2012 presidential elections, Mitt Romney, has urged the U.S. to finalize the deal as soon as possible."
Edited by Hands Sandon - 6/14/12 at 4:04am
"In early June, a tribunal at the World Bank agreed to hear a case involving similar foreign investment standards, in which El Salvador banned cyanide-based gold mining on the basis of objections from the Catholic Church and environmental activists. If the World Bank rules against El Salvador, it could overturn the nation's domestic laws at the behest of a foreign corporation."