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In 2016, let's hope for better trade agreements – and the death of TPP
A multi-partisan activist group established to expose and resist US imperialism, corpora-terrorism, and the New World Order
In 2016, let's hope for better trade agreements – and the death of TPP | 10 Jan 2016 | The US concluded secret negotiations on what may turn out to be the worst trade agreement in decades, the so-called Trans-Pacific Partnership (TPP), and now faces an uphill battle for ratification, as all the leading Democratic presidential candidates and many of the Republicans have weighed in against it…In particular, the ['investment'] chapter gives foreign investors the right to sue governments in private international tribunals when they believe government regulations contravene the TPP's terms (inscribed on more than 6,000 pages)…Furthermore, a “most favoured nation” provision ensures that corporations can claim the best treatment offered in any of a host country's treaties. That sets up a race to the bottom – exactly the opposite of what US President Barack Obama promised.
Source: http://www.legitgov.org/2016-lets-hope-better-trade-agreements-and-death-TPP
