Bernie Sanders on TPP: I Will Do All That I Can to Defeat This Agreement
Amid a last minute scramble, leaders from America and 11 other Pacific Rim nations declared Monday that they’d reached agreement on a far-reaching trade deal, one that critics, including presidential nominee Bernie Sanders, say will slash standards and protections for both consumers and workerswith impacts to be felt from the other side of the world.
The deal, called the Trans Pacific Partnership (or TPP), which will link together as much as 40 percent of the worlds market, has for almost 8 years been negotiated in secret. Though elements of the compromise weren’t yet shown early Monday, critics said thatminutia asidethe world-wide trade pact will definitely be a blessing for corporate power
TPP is a deal for big business, said Nick Dearden, manager of the UK-based Nick Dearden, Global Justice Now.
Presidential nominee Bernie Sanders was swift to condemn the deal. Saying he was disappointed but not surprised by the deal that was devastating, Sanders included: other large corporations and Wall Street have gained again. It’s time for the remainder of us to quit letting multi-national corporations rig the system to pad their profits within our expense.
The compromise was reached after five days of round the clock discussions in Atlanta, Georgia. U.S. President Barack Obama apparentlyspent recent days contacting world leaders to secure the deal.
The discussions were widened after discussions got stuck over the matter of how long a monopoly interval ought to be enabled on next-generation biotech drugs. The compromise apparently reached between the U.S. and Australia is a hybrid vehicle that shields businesses data for five years to eight years, the New York Times reports, falling short of the 12 years wanted by U.S. negotiators.
Other closing compromises apparently reached contained more open markets for dairy products and sugar, and a slow phaseoutover two to three decadesof the tariffs on Japans vehicles sold in North America, the Timescontinues.
Among the more contentious details of the deal is the Investor State Dispute Resolution (ISDS) provision, which allows multinational companies to sue governments over allegations that gains were lost as a result of local regulations.
Two fifths of the worldwide market will likely be covered by corporate courts, meaning a tremendous rise in authorities being sued for shielding the public interest from corporate greed, Dearden described. Subsequently emphasizing a number of the other alarming provisions of the deal, he continued: Medicine costs will increase as Big Pharma gets more power to monopolize markets. Small farmers will suffer with unfair competition with industrial scale agribusiness. No wonder this has been consented in secret.
Chris Shelton, president of the Communication Workers of America, said the deal is terrible news for working families and communities. In a statement, Shelton said, Despite extensive assurances from the Obama administration, the TPP would continue the offshoring of jobs and weakening of our communities that began under the North American Free Trade Agreement, and would mean labour and environmental standards that seem great on paper but fall flat as it pertains to enforcement.
Its a corporate vision however a nightmare for all those of us on Main Street, he included.
It falls on signatory authorities to ratify the deal. In the U.S., many members of Congress as well as presidential nominees have expressed doubt over the pact, which heretofore had been mostly undisclosed to legislators. Apparently, the complete 30-chapter text is not going to be accessible for another month.
Lori Wallach, director of Public Citizens Global Trade Watch questions whether the pact will pass in Congress, given the quantity of pushback the deal received when the U.S. House and Senate voted this summer to pass Fast Track commerce promotion authority.
Wallach describes: If there actually is a deal, its destiny in Congress is at best dubious given that since the commerce authority vote, the little bloc of Democrats who made the slim margin of passing have made demands about TPP money, drug patent and environmental conditions which are likely not in the finished deal, while the GOP members who changed to supporting Fast Track in the past weeks demand enforceable money conditions, stricter rules of origin for automobiles, auto parts and clothing, and better dairy farm accessibility for U.S. producers.
For his part, Senator Sanders said he will do all that I can to get the better of this deal. in the U.S. Senate. We demand trade policies that benefit American workers and consumers, not only the CEOs of big multi-national corporations, he included.
In Canada, the deal comes two weeks ahead of national elections. In astatement, Maude Barlow, national chairperson of the Council of Canadians supported Canadians to vote against the TPP during the approaching election.
Just what are we supposed to make of a deal which has been kept secret from the Canadian people? Barlow inquires. Our own legislators dont even know whats in it.
The Harper government has signed a deal which will lay off a large number of automobile workers and place a large number of dairy farmers in risk while giving even more foreign corporations the privilege to order Canadian policy, she continued, including that Stephen Harper negociate the TPP during an election when his mandate is merely to be a caretaker government. Parliament has the capacity to vote on the TPP. We motivate the following government to reject it.