The TransPacific Partnership (TPP) is a stealthy “free trade” agreement that is being pushed by corporate America. The leaked draft of the TPP will:
Offshore millions of American jobs
Free the banks from oversight (like Dodd-Frank)
Ban “Buy American” policies needed to create green jobs and rebuild our economy
Decrease access to medicines by making them less affordable (Patents will last longer so generic drug companies will have to wait considerably longer to produce the generic forms of our drugs).
Flood the U.S. with unsafe food and products by removing trade barriers
Empower corporations to attack our environmental and health safeguards by allowing their “rules” to overturn our laws.
Decrease freedom of expression and technological innovation on the internet (Expansion of the current copyright laws may even make innocent sharing of pictures and articles on FB illegal).
The major goal of these multinational corporations is to impose on more countries a
set of extreme foreign investor privileges and rights. They will enforce corporate rights and privileges through the notorious “investorstate” system. This system elevates individual corporations and investors to equal standing with each TPP signatory country's government and above all of us citizens.
Under this regime, foreign investors can skirt our domestic courts and laws and sue governments directly before tribunals of three private sector lawyers operating under World Bank and UN rules. They can demand taxpayer compensation for any domestic law that investors believe will diminish their "expected future profits". Over $3 billion has been paid to foreign investors under U.S. trade and investment pacts such as NAFTA, while over $14 billion in claims are pending under such deals, primarily targeting environmental, energy, and public health policies.
The TPP needs transparency. The TPP countries have not released any texts or negotiating positions to the public despite the fact that the citizens of the TPP countries have asked for transparency. The only information the public has about the contents of the TPP intellectual property chapter is from a leaked draft U.S. proposal from February 2011.
The TPP needs public input. The US hasn’t meaningfully tried to inform or engage the public. Only the 300+ “stakeholders” ( multi-national corporations & investors) are allowed to view and influence the U.S.’s negotiating positions. Even the U.S. Congress isn’t privy to these meetings.