Some “trade” agreement that is.The Trans-Pacific Partnership (TPP), a forthcoming U.S. trade agreement that looks to solidify a seamless regional economy in the Pacific-rim, would give multinational corporations the power to challenge and even avoid compliance with laws in member countries — including the U.S. — provided a super-national corporate tribunal agrees with their claim.
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Consumer advocacy group Public Citizen said Wednesday that it “has verified that the text is authentic,” and described the proposals as being fraught with “dangers.”
“It reveals that negotiators already have agreed to many radical terms granting expansive new rights and privileges for foreign investors and their private corporate enforcement through extra-judicial ‘investor-state’ tribunals,” they explained.
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The tribunals, which already exist under the framework established by prior trade deals during the Clinton and Bush administrations — like NAFTA and CAFTA — are also problematic, according to Public Citizen. Because their proceedings are conducted in private, no media may access their deliberations, and various international trade attorneys take turns filling the role of judges, who are selected by stakeholders.
Raw Story
...but hey, do what you want...you will anyway.
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