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Truth is in favor of you and me; for the truth of our enemies whom we have been serving here in the U.S.A. for over 400 years (whom we did not know to be our enemies by nature) is the truth that the Black Man must have knowledge of to be able to keep from falling into the deceiving traps that are being laid by our enemies to catch us in their way which is opposed to the way of righteous of whom we are members. ~ The Honorable Elijah Muhammad

Sunday, November 3, 2013

Secrets in Trade: “Trans-Pacific Partnership” is Washington Speak for Corruption and Theft

A US-led trade deal is currently being negotiated that could increase the price of prescription drugs, weaken financial regulations and even allow partner countries to challenge American laws. But few know its substance.

The pact, the Trans-Pacific Partnership (TPP), is deliberately shrouded in secrecy, a trade deal powerful people, including President Obama, don’t want you to know about. More than 130 members of Congress have asked the White House for greater transparency about the negotiations and were essentially told to go fly a kite. While most of us are in the dark about the contents of the deal, which Obama aims to seal by year end, corporate lobbyists are in the know about what it contains.  | BillMoyers.com


Yves Smith and Dean Baker on Secrets in Trade from BillMoyers.com on Vimeo.

Also read:

TPP updates – The Trans-Pacific Partnership Agreement

The Pacific free trade deal that's anything but free | Dean Baker | Comment is free | theguardian.com
The draft TPP deal may grant new patent privileges and restrict net freedom, but it's secret – unless you're a multinational CEO
“Trans-Pacific Partnership” is Washington Speak for Corruption and Theft | Op-Eds & Columns
“Free trade” is a sacred mantra in Washington. If anything is labeled as being “free trade” then everyone in the Washington establishment is required to bow down and support it. Otherwise they are excommunicated from the list of respectable people and exiled to the land of protectionist Neanderthals.
"A Corporate Trojan Horse": Obama Pushes Secretive TPP Trade Pact, Would Rewrite Swath of U.S. Laws | Democracy Now!
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."
Will China’s Gambit to Undermine the Trans-Pacific Partnership Succeed? « naked capitalism
While eyes in the US have remained focused on the budget cliffhanger in Washington, in Bali, two sets of meetings were taking place. The first was the latest set of Trans-Pacific Partnership negotiations. The US, led by John Kerry (Obama was supposed to make an appearance but the budget drama kept him away) met with representatives of the 12 nations it is pressing to agree to this deliberately mis-branded “trade deal”. The reason the label is misleading is that trade is already substantially liberalized; the real point of the TPP and its cousin, the pending EU-US trade agreement, is to weaken the power of nations to regulate, which will allow multinationals to lead a race to the bottom on product and environmental safety. As we wrote earlier this year:

English: Stages of economic integration around the World:
(each country colored according to the most advanced agreement that it participates in.

   Economic and monetary union (CSME/EC$, EU/)
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