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Finally the text of The Transpacific Partnership Agreement (TPP) has been released and It’s Worse than We Thought

November 6, 2015

Public Citizen Global Trade Watch has released an analysis of the Transpacific Partnership Agreement.  After years of secrecy the Obama administration finally released the full text of the heavily scrutinized Transpacific Partnership Agreement aka the TPP.

 

The TPP agreement has been negotiated between 12 countries along the Pacific Rim for nearly 8 years. The landmark agreement includes the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Authors of the deal say it will cut trade barriers, set labor standards, and protect multinational corporations. The Obama administration claims that the deal will increase jobs, wages and stimulate the economy. 

 

Opponents of the deal points to history of past global trade deals such as NAFTA as well as leaked drafts of the TPP that many journalists, labor specialists and attorneys have said will do the opposite of what has been promoted.

 

The Obama administration has continuously said critics are wrong about the deal and we should wait until we are able to read the full text before we pass judgement. Well now that the text has been released for public consumption experts have studied the voluminous document and have concluded the agreement is worse than most have feared.

 

Public Citizen tasked a team of experts in global trade, public policy and economics to study the TPP and the consensus reached was that the far reaching implications of the deal will be harmful to many facets of our society.  The TPP will effectively continue the 20 year exodus of America jobs to nations with weaker labor standards but it will also drive up prices on life saving medications, stifle technological innovation, threaten internet freedom and usurp the sovereignty of partner nations’ ability to enforce their own laws in regards to environmental regulation, consumer protection, worker rights etc.

 

Lori Wallach, director of Public Citizen's Global Trade Watch who has been on the forefront against the TPP for years said earlier this week "From leaks, we knew quite a bit about the agreement, but in chapter after chapter the final text is worse than we expected with the demands of the 500 official U.S. trade advisers representing corporate interests satisfied to the detriment of the public interest," 

 

Public Citizen alleges, the TPP rolls back many of the public interests gains and reforms achieved over the years at the same time expanding problematic provisions demanded by the hundreds of official U.S. corporate trade advisers who had a hand in the negotiations while citizens were left in the dark. Among the most dangerous provision of this deal is the Investor State Dispute provisions allows corporations to sue in the World Court a state or a country if a law or regulation is passed that may limit the profits of a corporation.

 

One of the most striking things about the TPP is the fact the words “Climate Change” was not even mentioned once in the text.

 

Major climate action groups, including 350.org and the Sierra Club, were quick to point out that the text was notable as much for what it didn't say as what for what it did. "The TPP is an act of climate denial,"  350 policy Director Jason Kowalski said on Thursday. "While the text is full of handouts to the fossil fuel industry, it doesn’t mention the words climate change once.".

 

The environmental chapter details protection for energy companies in the form of drilling rights protections and when coupled with the aforementioned Investor State Dispute Resolution provisions; fossil fuel companies will be able to sue nations for passing laws that would be designed to place limits on fossil fuel production.

 

"If a province puts a moratorium on fracking, corporations can sue; if a community tries to stop a coal mine, corporations can overrule them. In short, these rules undermine countries’ ability to do what scientists say is the single most important thing we can do to combat the climate crisis: keep fossil fuels in the ground." Said Kowalski

 

Public Citizen’s analysis is detailed and concise as well as in agreement with several other independent watch groups. There doesn’t appear to be much value for the American people or the citizens of the other 11 countries involved in this deal. The only group that will benefit for the most part our the multinational corporations

 

Click for TPP Analysis:

 

About Public Citizen:

 

Public Citizen advocates before all three branches of the United States federal government.[2] Its five divisions include: Congress Watch; Energy; Global Trade Watch; the Health Research Group; and Public Citizen Litigation Group, a nationally prominent public interest law firm founded by Alan Morrison and known for its Supreme Court and appellate practice.[3]

Broadly speaking, Public Citizen favors robust corporate accountability and strong government regulation, particularly in the areas of transport, healthcare, and nuclear power. The organization's priorities range from campaign finance reform to drug and auto safety and financial reform. The unifying theme is an effort to curb the impact of corporate power on American democracy

 

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