There is much negative about these new Trade Deals, the TPP, Trans Pacific Partnership, and the TTIP, the Transatlantic Investment Partnership. There is a lot that hurts the workers and the countries and allows the Big Corporations to be the winners.
Here’s a great breakdown of all that is wrong with the TPP:
The Trans-Pacific Partnership (TPP) is a secretive, multinational trade agreement that threatens to extend restrictive intellectual property (IP) laws across the globe and rewrite international rules on its enforcement. The main problems are two-fold:
(1) Digital Policies that Benefit Big Corporations at the Expense of the Public: The IP chapter would have extensive negative ramifications for users’ freedom of expression, right to privacy and due process, as well as hindering peoples’ abilities to innovate. Other chapters of the agreement encourage your personal data to be sent borders with limited protection for your privacy, and allow foreign corporations to sue countries for laws or regulations that promote the public interest,
(2) Lack of Transparency: The entire process has shut out multi-stakeholder participation and is shrouded in secrecy.
The twelve nations that negotiated the TPP are the U.S., Japan, Australia, Peru, Malaysia, Vietnam, New Zealand, Chile, Singapore, Canada, Mexico, and Brunei Darussalam. The TPP contains a chapter on intellectual property covering copyright, trademarks, and patents. The official release of the final TPP text confirmed what we had long feared: that U.S. negotiators pushed for the adoption of copyright measures far more restrictive than currently required by international treaties, including the controversial Anti-Counterfeiting Trade Agreement (ACTA).
The TPP Will Rewrite Global Rules on Intellectual Property Enforcement
All signatory countries will be required to conform their domestic laws and policies to the provisions of the Agreement. In the U.S., this will further entrench controversial aspects of U.S. copyright law—such as the Digital Millennium Copyright Act (DMCA)—and restrict the ability of Congress to engage in domestic law reform to meet the evolving needs of American citizens and the innovative technology sector. Overall, the TPP’s provisions that recognize the rights of the public are non-binding, whereas almost everything that benefits rightsholders is binding. [more]
And the TTIP is not much better. In fact there is much pushback from European countries on the TTIP.
The talks began in 2013 with the aim of reducing or removing a wide range of barriers to transatlantic trade and investment – but they have proved controversial in both Europe and America.
There are many critics who hope Mr Gabriel’s assessment is right.
The objective of the talks is to boost the incomes of Europeans and Americans by stimulating more trade and investment.
The planned agreement is known as the Transatlantic Trade and Investment Partnership, or TTIP. The two sides are seeking to eliminate most tariffs (trade taxes) and to make it easier for American and European business to comply with regulations when selling goods into the other market.
But opponents have rejected the economic analysis, and criticised the potential impact on the environment and consumers.
They argue that by seeking convergence in regulation, TTIP is actually heading to the lowest levels of protection.
There is also a widespread concern about plans for tribunals or courts where foreign investors would be able to sue a host country government if its policies breached the agreement and caused losses to the investor. [more]
These Trade Deals, as I said above, are not good for the working people and not good for the countries. The more research I do the less I like these ‘Deals”.