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How the Trans-Pacific Partnership 'Trade' Pact Gives Corporations Special Legal Rights

Monday, June 22, 2015 16:28
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A multi-partisan activist group established to expose and resist US imperialism, corpora-terrorism, and the New World Order

How the Trans-Pacific Partnership 'Trade' Pact Gives Corporations Special Legal Rights | 22 June 2015 |  Critics argue that within the hundreds of pages of esoteric provisions, the The Trans-Pacific Partnership (TPP) deal — like similar ones before it — includes a glaring double standard: It provides legal rights to corporations and investors that it does not extend to unions, public interest groups and individuals. Recently leaked drafts of the agreement show the pact includes the kind of “investor-state dispute settlement” (ISDS) provisions written into most major trade deals passed since the North American Free Trade Agreement (NAFTA). Those provisions allow companies to use secretive international tribunals to sue sovereign governments for damages when those governments pass public-interest policies that threaten to cut into a corporation’s profits or seize a company's property…Meanwhile, Congress has refused to act on legislation that would empower citizens to bring their own cases.


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