Critics are blasting the highly-secretive Pacific “trade” deal under negotiation, which has been called “NAFTA on steroids,” as a tool for advancing U.S. and corporate power at the expense of environmental and public health.
In fact, many argue that it’s inaccurate to refer to the TPP as a “trade” deal at all, since the real prerogative is to protect corporate profits and protections.
The TPP negotiations between the U.S. and 11 other nations (Canada, Mexico, Japan, Vietnam, Chile, Peru, Brunei, Singapore, Australia, New Zealand and Malaysia) are so secretive that even many members of Congress have not seen the text. This is despite the fact that the pact, if passed, would impact 40 percent of the world’s economy.
The information that is available to the public was leaked. Documents show that negotiators are pushing for inclusion of NAFTA’s infamous corporate tribunals, in which corporations “settle disputes” with governments in secrecy and trample domestic protections including public health and environmental regulations, completely circumventing their own national legal systems.
Furthermore, leaks show that the U.S. is pushing to expand the power of pharmaceutical companies to establish monopolies on life-saving drugs, and even laws regulating tobacco companies could be slashed.
The TPP would affect wages, climate protections, internet freedom, access to medicine, indigenous rights, food safety, financial regulations, and a whole lot more,” said Stamoulis. “It’s really a corporate power grab with the status of a trade agreement.”
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