FTAs

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Opposition to the Trans-Pacific Partnership Agreement is growing as people in affected countries express their disquiet.

Within Malaysia, I don’t think there has been enough media coverage and political debate on this huge trade pact, which is going to have far-reaching implications. Obama is anxious to get Malaysia and the countries in this region to sign on the dotted line, and that could be why he was being so ‘pal-ly’ with Najib, going on a charm offensive over golf.

So Nurul Izzah’s piece below serves as a timely reminder of what is at stake:

The TPP is “the largest—and worst—trade deal you’ve never heard of,” says a campaign on moveon.org. In other words, “Nafta on steroids”. You may not have heard of it because the negotiations are all being done in secret. Perhaps even over a round of golf?

Incidentally, Robert Reich in the video above is “an American political economist, professor, author, and political commentator. He served in the administrations of Presidents Gerald Ford and Jimmy Carter and was Secretary of Labor under President Bill Clinton from 1993 to 1997″ (Wikipedia).

There is increasing speculation that President Barack Obama who is visiting Malaysia this weekend is on a charm offensive (or will there be some arm-twisting?) to seal the Trans-Pacific Partnership Agreement. If he succeeds, the TPPA will open the floodgates to domination of the region’s economies by large multinational corporations at the expense of national sovereignty via an investor-state dispute settlement mechanism.

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