‘A Corporate Trojan Horse:’ Obama Pushes Secretive TPP Trade Pact, Would Rewrite Swath of US Laws
As the federal government shutdown continues, Secretary of State John Kerry heads to Asia for secret talks on a sweeping new trade deal, the Trans-Pacific Partnership. The TPP is often referred to by critics as "NAFTA on steroids," and would establish a free trade zone that would stretch from Vietnam to Chile, encompassing 800 million people — about a third of world trade and nearly 40 percent of the global economy. While the text of the treaty has been largely negotiated behind closed doors and, until June, kept secret from Congress, more than 600 corporate advisers reportedly have access to the measure, including employees of Halliburton and Monsanto. "This is not mainly about trade," says Lori Wallach, director of Public Citizen’s Global Trade Watch. "It is a corporate Trojan horse. The agreement has 29 chapters, and only five of them have to do with trade. The other 24 chapters either handcuff our domestic governments, limiting food safety, environmental standards, financial regulation, energy and climate policy, or establishing new powers for corporations."
JUAN GONZÁLEZ: President Obama announced this week that the U.S. government shutdown would delay his upcoming four-country trip to Asia, but that negotiations on a controversial new trade agreement he hopes to sign by the end of the year will continue to move forward. Obama called the Philippines president Tuesday night to say he would miss his visit, and a spokesperson shared the news with reporters Thursday.
RICKY CARANDANG: Secretary Kerry ... he will go in place of President Obama. President Obama personally called President Aquino to tell him—to explain to him why he could not make the visit.
JUAN GONZÁLEZ: John Kerry will attend Asia-Pacific Economic Cooperation meetings next week in Indonesia, where he’ll push for the completion of a sweeping new trade deal called the Trans-Pacific Partnership, the largest international trade deal since the creation of the World Trade Organization in 1995. The administration hopes to pass the measure through Congress by the end of the year using its Fast Track authority to limit lawmakers to an up-or-down vote.
AMY GOODMAN: The TPP is often referred to by critics as "NAFTA on steroids" and would establishing a free trade zone that would stretch from Vietnam to Chile, encompass 800 million people—about a third of world trade and nearly 40 percent of the global economy. While the text of the treaty has been largely negotiated behind closed doors, more than 600 corporate advisers reportedly have access to the measure, including employees of Halliburton and Monsanto.