While most of us were focussed on the massive 1MDB scandal, we were nearly hit by the so-called Trans-Pacific Partnership agreement. Do-or-die TPP negotiations were almost concluded, but thankfully, they were stalled at the last minute by some sticky points.
But this TPP won’t go away so easily: it is not an ordinary ‘trade agreement’. That term ‘trade agreement’ is part of the corporate media propaganda ploy to try and ‘sell’ the TPP deal to a naive public.
So what is the TPP all about? It is just a cover to strengthen the position of Big Business, specifically the powerful transnational corporations. Only six out of 30 chapters deal with trade, the other chapters cover a whole range of issues to protect and further the interests of transnational corporations, the de facto ‘rulers of the world’.
The most insidious feature of the TPP is a provision that gives multinational corporations the power to sue national governments for loss of future profits if their interests are threatened. This is so even if a government had acted to protect public interest and, in the process, hurt the profits of these firms. Worse, these cases are heard in secret, opaque international tribunals.
The US is even pushing for the privatisation of state-owned enterprises.
Ever wondered why the TPP negotiations are being carried out in secret? It is obvious: for the TPP drivers to bulldoze the pact through, the public has to be kept in the dark about its real impact. They certaintly don’t want the public to know about the implications, to ask hard questions and to protest loudly.
Read this important piece which sums it all up: Stop calling the TPP a trade agreement – It isn’t
So what should we call the TPP? How about ‘MNC Protection and Promotion Agreement’?
Here are 10 important reasons why the TPP is bad even for ordinary Americans. 10 reasons the TPP is not a ‘progressive’ trade agreement