"Covert Empire: Newly Leaked TPP Investment Chapter Contains Special Rights for Corporations
A leaked draft of the Trans-Pacific Partnership (TPP) investment chapter has been published online by Citizens Trade Campaign, the same coalition that first published TPP proposals from the United States on intellectual property, regulatory coherence and drug formularies in late 2011. Draft texts are said to exist for some 26 separate chapters, none of which have ever been officially released by trade negotiators for public review.Newly Leaked TPP Investment Chapter Contains Special Rights for Corporations "
“Americans deserve the right to know what U.S. negotiators are proposing in our names,” said Arthur Stamoulis, executive director of Citizens Trade Campaign. ”In the absence of transparency on the part of our government, we have a responsibility to share what information we receive about the TPP with the public.”
The new texts reveal that TPP negotiators are considering a dispute resolution process that would grant transnational corporations special authority to challenge countries’ laws, regulations and court decisions in international tribunals that circumvent domestic judicial systems.
“We are just beginning to analyze the new texts now, but they clearly contain proposals designed to give transnational corporations special rights that go far beyond those possessed by domestic businesses and American citizens,” said Stamoulis. ”A proposal that could have such broad effects on environmental, consumer safety and other public interest regulations deserves public scrutiny and thorough public debate. It shouldn’t be crafted behind closed doors.”
The TPP investment chapter can be found online at: http://tinyurl.com/tppinvestment
Analysis of the TPP investment chapter:
Public Interest Analysis of Leaked TPP Investment Text (Global Trade Watch)
Additional analysis regarding the TPP investment chapter will be published on the CTC website as it becomes available.
Previous leaked TPP texts can be found online at: http://www.citizenstrade.org/ctc/blog/2011/10/22/leaked-trans-pacific-fta-texts-reveal-u-s-undermining-access-to-medicine/
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