Secret Obama Trade Agreement Would Allow Foreign Corporations to Avoid U.S. Laws
“In order to secure a new international trade agreement with Pacific nations, the Obama administration appears willing to grant foreign corporations the power to avoid U.S. laws.
This revelation came in the form of a leaked document posted online by Citizens Trade Campaign. The material came from negotiations to establish a Trans-Pacific Partnership (TPP) trade pact and its authenticity verified by Public Citizen.
According to the Huffington Post, which also reviewed the document, foreign corporations operating within the U.S. could disregard certain domestic requirements and regulations by appealing to an international tribunal—that would have the power to overrule American law.”
One Response to Secret Obama Trade Agreement Would Allow Foreign Corporations to Avoid U.S. Laws
Multinational corporations win again. You lose.
“Trans-Pacific negotiations have been taking place throughout the Obama presidency. The deal is strongly supported by the U.S. Chamber of Commerce, the top lobbying group for American corporations. Obama’s Republican opponent in the 2012 presidential elections, Mitt Romney, has urged the U.S. to finalize the deal as soon as possible.”
http://www.huffingtonpost.com/2012/06/13/obama-trade-document-leak_n_1592593.html
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