General Discussion
In reply to the discussion: Still don't think he's a used-car salesman? [View all]magical thyme
(14,881 posts)The (ISDS) chapter in the draft of the trade deal, dated Jan. 20, 2015, and obtained by The New York Times in collaboration with the group WikiLeaks, is certain to kindle opposition from both the political left and the right. The sensitivity of the issue is reflected in the fact that the cover mandates that the chapter not be declassified until four years after the Trans-Pacific Partnership comes into force or trade negotiations end, should the agreement fail.
oh, whoops. well you can take a look in 2019 and let us know what you think.
This is really troubling, said Senator Charles E. Schumer of New York, the Senates No. 3 Democrat. It seems to indicate that savvy, deep-pocketed foreign conglomerates could challenge a broad range of laws we pass at every level of government, such as made-in-America laws or anti-tobacco laws. I think people on both sides of the aisle will have trouble with this.
U.S.T.R. will say the U.S. has never lost a case, but youre going to see a lot more challenges in the future, said Senator Sherrod Brown, Democrat of Ohio. Theres a huge pot of gold at the end of the rainbow for these companies.
Under the terms of the Pacific trade chapter, foreign investors could demand cash compensation if member nations expropriate or nationalize a covered investment either directly or indirectly. Opponents fear indirect expropriation will be interpreted broadly, especially by deep-pocketed multinational companies opposing regulatory or legal changes that diminish the value of their investments.
http://www.nytimes.com/2015/03/26/business/trans-pacific-partnership-seen-as-door-for-foreign-suits-against-us.html?_r=0
Well I guess instead you can take a look at TISA. It's outline has been in place for a year.
On Wednesday, WikiLeaks brought this agreement into the spotlight by releasing 17 key TiSA-related documents, including 11 full chapters under negotiation. Though the outline for this agreement has been in place for nearly a year, these documents were supposed to remain classified for five years after being signed, an example of the secrecy surrounding the agreement, which outstrips even the TPP.
oops. never mind. we'll wait for 2020 for your opinion.
The deal would liberalize global trade of services, an expansive definition that encompasses air and maritime transport, package delivery, e-commerce, telecommunications, accountancy, engineering, consulting, health care, private education, financial services and more, covering close to 80 percent of the U.S. economy. Though member parties insist that the agreement would simply stop discrimination against foreign service providers, the text shows that TiSA would restrict how governments can manage their public laws through an effective regulatory cap. It could also dismantle and privatize state-owned enterprises, and turn those services over to the private sector. You begin to sound like the guy hanging out in front of the local food co-op passing around leaflets about One World Government when you talk about TiSA, but it really would clear the way for further corporate domination over sovereign countries and their citizens.
http://www.newrepublic.com/article/121967/whats-really-going-trade-services-agreement