Wednesday, April 08, 2015

Now We Know Why Huge TPP Trade Deal Is Kept Secret From the Public

TPP - a monster that eats freedom and democracy

If you read Boggart Abroad, Boggart Blog or The Daily Stirrer you will know all about the evil twins TPP and TTIP, we have been warning you about the iniquitous 'free trade' treaties being pushed by the Obama Administration, the Trans-Atlantic Trade and Investment Partnership (TTIP) and its equally evil twin, the Trans Pacific Partnership. These treaties are not about free trade in the conventional sense, but freeing Corporate Businesses to do what they like without hinderance or restriction from national governments or consumer protection groups.

We haven't been the only ones, most of the 'Alternative Media' have been on the case. In mainstream media however there has been hardly a murmur about how these treaties would enable corporate lawyers to sue governments and overturn laws pertaining to consumer protection, workers rights and trading standards and to sue governments if the corporate bosses felt their right to steal taxpayers and consumers money was being restricted.

Well it looks as if mainstream media are waking up at last:

from Huffington Post

Now We Know Why Huge TPP Trade Deal Is Kept Secret From the Public

A key section of the secret Trans-Pacific Partnership (TPP) trade agreement has been leaked to the public. The New York Times has a major story on the contents of the leaked chapter, and it's as bad as many of us feared.

Now we know why the corporations and the Obama administration want the TPP, a huge "trade" agreement being negotiated between the United States and 11 other countries, kept secret from the public until it's too late to stop it.

The section of the TPP that has leaked is the "Investment" chapter that includes investor-state dispute settlement (ISDS) clauses. WikiLeaks has the text and analysis, and the Times has the story, in "Trans-Pacific Partnership Seen as Door for Foreign Suits Against U.S.":

An ambitious 12-nation trade accord pushed by President Obama would allow foreign corporations to sue the United States government for actions that undermine their investment "expectations" and hurt their business, according to a classified document.

The Trans-Pacific Partnership -- a cornerstone of Mr. Obama's remaining economic agenda -- would grant broad powers to multinational companies operating in North America, South America and Asia. Under the accord, still under negotiation but nearing completion, companies and investors would be empowered to challenge regulations, rules, government actions and court rulings -- federal, state or local -- before tribunals organized under the World Bank or the United Nations.

The WikiLeaks analysis explains that this lets firms "sue" governments to obtain taxpayer compensation for loss of "expected future profits."

Read full story at Huffington Post


TTIP Is Dead: Trade Talks Between EU And U.S. Have Collapsed, Germany Says

The Transatlantic Trade and Investment Partnership (TTIP) negotiations, the so called free trade deal between the EU and the USA, have collapsed, German’s economic minister has announced. The cause of the collapse has been cited as failure to move forward on any of the major planks of the deal, which has been dogged by controversy and widespread opposition from all sides of the political spectrum.

TTIP and democracy

TTIP will make national sovereignty folklore
The terrible prospect of TPP
TPP corporate planet
Latest Posts

Elsewhere: [Boggart Blog]...[Little Nicky Machiavelli]...[Scribd]...[Wikinut] ... [ Boggart Abroad] ... [ a href=""> Grenteeth Bites ] ... { Ian Thorpe at Flickr ]