On October, 5th, 2015, in Atlanta, Georgia, 12 nations finalized and tentatively agreed upon the secretive TPP (Trans-Pacific Partnership) “trade deal.”
The countries participating in this NAFTA on steroids concept are the United States, Mexico, Canada, Australia, Malaysia, Chile, Singapore, Peru, Vietnam, New Zealand, Brunei Darussalam and Japan.
Kasim Reed, mayor of Atlanta is a huge supporter of the TPP as well as President Obama (who has been working on this deal in secret for several years).
“It really is essential that we beat China into a relationship with these Asian-Pacific countries and that the United States the rules of the road and the terms of the engagement and we have an important ally in Japan and that we send a message about who they want to place their global future,” Reed said”
Not everyone is buying into Reed’s sentiments.
“TPP, countries have agreed to United States government and multinational drug company demands that will raise the price of medicines for millions… The big losers in TPP are patients and treatment providers in developing countries…The TPP will still go down in history as the worst trade agreement for access to medicines in developing countries,” stated Doctors Without Borders.
This is not the only organization opposing the TPP.
The Electronic Freedom Foundation said, “Despite its earlier promises that the TPP would bring ‘greater balance’ to copyright, more than any other recent trade agreement, the most recent leak of the intellectual property chapter belies their claims. The U.S. Trade Representative [Michael Froman] (USTR), has still failed to live up to its word that it would enshrine meaningful public rights to use copyrighted content in this agreement.”
According to Ben Swann, from Truth in Media, there are a lot of fallacies and secretiveness surrounding the TPP (and the quotes above are in the video).
The video can be seen at http://truthinmedia.com/reality-check-what-we-know-about-tpp-makes-it-the-worst-trade-deal-ever/.
Besides, Ben Swann being against the TPP and the groups he mentioned in the video, the AFL-CIO is also opposed to it.
This is the document that explains what ISDS is. Also, for more of their stance visit http://www.aflcio.org/content/download/138571/3647761/version/2/file/AFL-CIO_ISDSReport_5.pdf
“What is ISDS?
“Many international trade and investment agreements give individuals and corporations who invest in other countries access to a special legal procedure that can challenge domestic policy decisions in private tribunals. Investors—meaning anyone who buys property in a foreign country, from a hectare of land to stocks and bonds—can use “investor-to-state dispute settlement” (ISDS) to sue governments over laws, regulations and even domestic court decisions that affect current or future profits. You can think of ISDS as establishing special “corporate courts” that have their own rules and that a country’s own citizens cannot use.
ISDS is designed to allow foreign investors to skip all the domestic processes citizens or domestic businesses must use to fight laws and decisions they do not like, such as national courts, administrative procedures and municipal hearings. Instead, foreign investors bring claims
directly to international arbitration panels. The panelists are private arbitrators empowered to decide the case and potentially award vast sums of taxpayer money in compensation.”
While I do support free-trade, I do not support trade that will allow for the propensity of erosion of sovereignty and benefit mega-corporations rigging the system to their own advantage.
For more details of my full opinions on TPP, read my other article on the aforementioned.