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In reply to the discussion: Senate introduces "fast track" trade legislation to grease the rails for TPP. [View all]pampango
(24,692 posts)12. Interesting provisions on labor rights, environment and currency manipulation.
Updates Labor and Environment:
Updated provisions reflect the United States most recent trade agreements, to require trading partners to adopt, maintain, and not waive or derogate from measures implementing internationally recognized core labor standards in a manner affecting trade and investment and multilateral environmental agreements to which the United States is a party, with the same dispute settlement and remedies as for other enforceable obligations.
Updates Negotiating Objectives for the 21st Century:
Addresses Currency Manipulation: New negotiating objective for the first time directs that trade partners avoid
manipulating exchange rates, such as through cooperative mechanisms, enforceable rules, reporting, monitoring,
transparency, or other means, as appropriate.
Protects U.S. Sovereignty:
New provisions affirm that trade agreements cannot change U.S. law without Congressional action.
http://www.finance.senate.gov/imo/media/doc/TPA%20One%20Pager.pdf
Updated provisions reflect the United States most recent trade agreements, to require trading partners to adopt, maintain, and not waive or derogate from measures implementing internationally recognized core labor standards in a manner affecting trade and investment and multilateral environmental agreements to which the United States is a party, with the same dispute settlement and remedies as for other enforceable obligations.
Updates Negotiating Objectives for the 21st Century:
Addresses Currency Manipulation: New negotiating objective for the first time directs that trade partners avoid
manipulating exchange rates, such as through cooperative mechanisms, enforceable rules, reporting, monitoring,
transparency, or other means, as appropriate.
Protects U.S. Sovereignty:
New provisions affirm that trade agreements cannot change U.S. law without Congressional action.
http://www.finance.senate.gov/imo/media/doc/TPA%20One%20Pager.pdf
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Senate introduces "fast track" trade legislation to grease the rails for TPP. [View all]
pa28
Jan 2014
OP
Whenever they say the word "jobs" just substitute "profits for the wealthiest American".
pa28
Jan 2014
#8
It's obvious that big business & their Reps can hold out longer than the unemployed American.
SleeplessinSoCal
Jan 2014
#41
I think that if TPP gets shoved down our throats many of us will have to leave.
MattBaggins
Jan 2014
#10
You seriously don't think that Europe, Canada and Australia have more 'free trade' than the US?
pampango
Jan 2014
#44
That is true about Canada and Australia but not Europe which has the strongest middle class
pampango
Jan 2014
#46
Good point. And trade is 40% of Japan's economy - much more than in the US. n/t
pampango
Jan 2014
#55
Baucus, Portman, and Hatch telling us this will create jobs? Sure, we can trust these ones.
Mass
Jan 2014
#6
Interesting provisions on labor rights, environment and currency manipulation.
pampango
Jan 2014
#12
'New provisions affirm that trade agreements cannot change U.S. law without Congressional action.'
freshwest
Jan 2014
#60
I believe the phrase is "foam the runway"--can't imagine where I heard it first, though...
MisterP
Jan 2014
#52
Anyone For This Abomination Is For The Plutocrats, Not The Middle And Lower Classes
colsohlibgal
Jan 2014
#58