Democracy Now! Amy Goodman and Juan Gonzalez interview Lori Wallach, director of Public Citizen’s Global Trade Watch, a fair trade group who posted “a leaked draft of one of the most controversial chapters of the TPP [Trans Pacific Partnership] reveals extreme rights granted to foreign investors”.
From DemocracyNow! –
A draft agreement leaked Wednesday shows the Obama administration is pushing a secretive trade agreement that could vastly expand corporate power and directly contradict a 2008 campaign promise by President Obama. A U.S. proposal for the Trans-Pacific Partnership (TPP) trade pact between the United States and eight Pacific nations would allow foreign corporations operating in the U.S. to appeal key regulations to an international tribunal. The body would have the power to override U.S. law and issue penalties for failure to comply with its ruling.”
To read a summary of the Trans Pacific Partnership Trade Agreement being negotiated in secret by Obama’s administration click HERE