Friday 24 January 2014

TPIP = corporate rule

The Transatlantic Trade and Investment Partnership (or the trade-off Europe to US corporations slavery "Partnership") has had the same thing happen to it as the Trans Pacific Partnership "agreement", in that on both sides of the world, both have been negotiated behind closed doors in the utmost secrecy until recently. Both have had US corporations/Obama pushing the investor/state dispute settlement section as not negotiable. The public in both cases when finding out what has been negotiated behind closed doors in their names, have done a collective "WTF?" and gone bananas about the two agreements generally.

George Monbiot lays out some of the concerns of the TTIP:
From the outset, the Transatlantic Trade and Investment Partnership has been driven by corporations and their lobby groups, who boast of being able to “co-write” it(8,9). Persistant digging by the Corporate Europe Observatory reveals that the commission has held eight meetings on the issue with civil society groups, and 119 with corporations and their lobby groups(10). Unlike the civil society meetings, these have taken place behind closed doors and have not been disclosed online. 

Though the Commission now tells the public that it will protect “the state’s right to regulate”(11), this isn’t the message the corporations have been hearing. In an interview last week, Stuart Eizenstat, co-chair of the Transatlantic Business Council, instrumental in driving the process, was asked whether companies whose products had been banned by regulators would be able to sue(12). Yes. “If a suit like that was brought and was successful, it would mean that the country banning the product would have to pay compensation to the industry involved or let the product in.” Would that apply to the European ban on chicken carcasses washed with chlorine, a controversial practice permitted in the US? “That’s one example where it might.” more
It appears the US corporations are attempting to take over the world! Obama is just their puppet. These multinationals seriously should get over themselves :s

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