tppNews48

RT: "Congress introduces Obama fast-track authority on global trade pacts like TPP", RT.com (10 January 2014)

 

If passed, the recently introduced Trade Priorities Act (in the US) would enable Obama to "fast-track" a number of global trade accords, including the controversial TPP (Trans-Pacific Partnership), and TAFTA (the Trans-Atlantic Free Trade Agreement).

Often dubbed "NAFTA on steroids!", and as "corporatist power grabs", these accords, which purport to be all about "free trade" across large areas of the globe, have been heavily criticised for their secrecy, and for the undue power they are likely to give to corporations over nation states. As Washington's Blog puts it, the TPP:

"will increase the cost of borrowing, make prescription drugs more expensive, destroy privacy, harm food safety, and – yes -  literally act to destroy the sovereignty of the U.S. and the other nations which sign the bill."

 The RT piece concurs, reporting the words of Fight For The Future, that the TPP is poised to:

“restrict, police and censor the Internet, stifling free speech and innovation; radically decrease access to affordable medicine; circumvent protections for workers and the environment; expand economic inequality; prevent corporations from properly labeling genetically modified food.”

 

Image source: "Stop TPP - Total Peasant Pacification" by DonkeyHotey on Flickr (CC BY 2.0); re-sized.

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