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THE United States, Canada and 10 other Pacific Rim countries agreed to the terms of the pro-big business TPP trade pact yesterday.
The final draft of the Transpacific Partnership was agreed after weekend talks in the US city of Atlanta.
The deal has been criticised for the secretive nature of negotiations, with no public scrutiny or input from national parliaments.
The pact’s investor-state dispute settlement mechanisms, whereby foreign firms can sue governments for actual or hypothetical loss of profits due to labour, environmental of safety legislation will undermine national democracies.
“The TPP is a corporate deal much like TTIP (the EU-US Transatlantic Trade and Investment Partnership). It has been created by the US as a policy to encircle China,” said War on Want trade campaigner Mark Dearn.
“We stand with the peoples of Asia in their continued opposition to US imperialism in the region — and we will continue to do so until TPP is defeated.”
