CommonDreams: Why the TransPacific Partnership is a Scary Big (Trade) Deal

Source: Uprising radio

May 9,2013

NHK Broadcasting, Japan’s equivalent of the BBC, contacted me last month, wanting a statement on the American public’s reaction to the TransPacific Partnership (TPP) negotiations.

A super-sized NAFTA, the TransPacific Partnership is a free-trade agreement whereby countries give foreign corporations rights and privileges to encourage investment and global business. The TPP was a major issue during Japan’s recent national elections, when thousands took to the streets in protest. It was hard for the Japanese journalist to believe me when I explained that there is little awareness of the TPP here in the United States, because our media has hardly covered the subject.

The corporate powers granted in the TPP can override domestic laws on environmental health and safety, and labor and citizens’ rights. Not only that, but multinationals can claim that those domestic laws hamper free trade and sue member countries for millions of dollars. The TPP is in many ways an attempt to revive the stalled expansion of the World Trade Organization.

At present, the TPP talks include 12 Pacific Rim countries: Canada, the United States, Mexico, Peru, Chile, New Zealand, Australia, Singapore, Malaysia, Brunei, Vietnam and, most recently, Japan. Thailand and the Philippines have expressed interest, and other countries would be allowed to join the TPP at any time.

Although trade deals have potentially huge effects on the economy, environment, and food sovereignty of communities throughout these 12 countries, the TPP negotiations are being held in secret between unelected government officials and representatives from more than 600 of the world’s most powerful corporations. The United States has plenty of interests clamoring for the trade advantages of the TPP, while developing countries like Vietnam see the TPP as an opportunity for economic development.

But the AFL-CIO, one of the few non-corporate and nongovernmental entities that have access to the text of the agreements, does not support the TPP in its current form because of implications for labor and human rights.

The talks are scheduled to finish by October of this year. Meanwhile, negotiators are lobbying Congress to grant “Fast Track” authority for the TPP. That would mean Congress couldn’t revise the agreements and could only vote “yes” or “no” to the United States joining the TPP.