Economics Government Internet Freedom

WikiLeaks Reveals TPP Proposal to Let Corporations Sue Nations if their Laws Interfere with Profits

Stay ahead of the curve... Get top posts first!

Thank you for subscribing!

Get updates on Facebook

Documents reveal intent to give corporations the power to sue governments if their laws interfere with a company’s claimed future profits.

Shockingly… this could allow a cigarette company to sue a government if it enforced warnings on the packaging, or companies could sue if a country raises minimum wage or tries protects land, habitats or natural resources.

Sound preposterous? Well, it’s ready happened with Phillip Morris suing Uruguay’s government for making the health warnings on cigarettes bigger.

And it’s not just that they can sue nations and governments, it also allows corporations to sue in their own made up court instead of the courts that nations already have.

Why would any country’s government sign this, since it’s not remotely in the country’s or their citizens’ interest? Because it is in the interest of the corporate shills signing it on behalf of their governments, just like every other bought politician serving the interests of their corporate sponsors way more fervently than the people they were elected to represent.

Isn’t it interesting that there’s a commercial media blackout of this story? It was not picked up on CNN, CNBC, Fox News, while the Cato institute, Brookings, and AEI have pro-TPP articles.

#####That’s why it’s important that you share this article, because this information is being forcefully suppressed.

——–

##Here’s the Release from WikiLeaks:

The TPP Investment Chapter, published today, is dated 20 January 2015. The document is classified and supposed to be kept secret for four years after the entry into force of the TPP agreement or, if no agreement is reached, for four years from the close of the negotiations.

Julian Assange, WikiLeaks editor said: “The TPP has developed in secret an unaccountable supranational court for multinationals to sue states. This system is a challenge to parliamentary and judicial sovereignty. Similar tribunals have already been shown to chill the adoption of sane environmental protection, public health and public transport policies.”

Current TPP negotiation member states are the United States, Japan, Mexico, Canada, Australia, Malaysia, Chile, Singapore, Peru, Vietnam, New Zealand and Brunei. The TPP is the largest economic treaty in history, including countries that represent more than 40 per cent of the world´s GDP.

The Investment Chapter highlights the intent of the TPP negotiating parties, led by the United States, to increase the power of global corporations by creating a supra-national court, or tribunal, where foreign firms can “sue” states and obtain taxpayer compensation for “expected future profits”. These investor-state dispute settlement (ISDS) tribunals are designed to overrule the national court systems. ISDS tribunals introduce a mechanism by which multinational corporations can force governments to pay compensation if the tribunal states that a country’s laws or policies affect the company’s claimed future profits. In return, states hope that multinationals will invest more. Similar mechanisms have already been used. For example, US tobacco company Phillip Morris used one such tribunal to sue Australia (June 2011 – ongoing) for mandating plain packaging of tobacco products on public health grounds; and by the oil giant Chevron against Ecuador in an attempt to evade a multi-billion-dollar compensation ruling for polluting the environment. The threat of future lawsuits chilled environmental and other legislation in Canada after it was sued by pesticide companies in 2008/9. ISDS tribunals are often held in secret, have no appeal mechanism, do not subordinate themselves to human rights laws or the public interest, and have few means by which other affected parties can make representations.

The TPP negotiations have been ongoing in secrecy for five years and are now in their final stages. In the United States the Obama administration plans to “fast-track” the treaty through Congress without the ability of elected officials to discuss or vote on individual measures. This has met growing opposition as a result of increased public scrutiny following WikiLeaks’ earlier releases of documents from the negotiations.

The TPP is set to be the forerunner to an equally secret agreement between the US and EU, the TTIP (Transatlantic Trade and Investment Partnership).

Negotiations for the TTIP were initiated by the Obama administration in January 2013. Combined, the TPP and TTIP will cover more than 60 per cent of global GDP. The third treaty of the same kind, also negotiated in secrecy is TISA, on trade in services, including the financial and health sectors. It covers 50 countries, including the US and all EU countries. WikiLeaks released the secret draft text of the TISA’s financial annex in June 2014.

All these agreements on so-called “free trade” are negotiated outside the World Trade Organization’s (WTO) framework. Conspicuously absent from the countries involved in these agreements are the BRICs countries of Brazil, Russia, India and China.

[Read the Secret Trans-Pacific Partnership Agreement (TPP) – Investment chapter](https://wikileaks.org/tpp-investment/WikiLeaks-TPP-Investment-Chapter/page-1.html)

Much credit to the Reddit community for [all the great commentary](http://www.reddit.com/r/worldnews/comments/30f2b8/wikileaks_reveals_tpp_proposal_allowing/)!

Want our best on Facebook?

Facebook comments

“WikiLeaks Reveals TPP Proposal to Let Corporations Sue Nations if their Laws Interfere with Profits”