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The Trans Pacific Partnership – A Corporate Fascist Coup

November 7, 2015

There is a bold global corporate takeover happening right before our eyes. The Trans Pacific Partnership has been discussed in secret for nearly 3 years and has been disguised as a trade deal when in reality it amounts to a fascist corporate coup where the megacorporations are gaining a tighter grip over individual governments all over the world.

Uploaded by Press For Truth on 8 juli 2012

*TPP: Why it’s too early to pop the champagne

(excerpt)

The freshly inked Trans-Pacific Partnership (TPP) – the biggest trade pact in two decades encompassing 40 percent of the world economy – may be hailed as transformational, but it will take many years before the economic benefits are actually felt, say analysts.

After five years of talks, a dozen countries across the Pacific Basin – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam – on Monday clinched a landmark free-trade agreement that will reportedly reduce or eliminate tariffs on almost 18,000 categories of goods.

It is the largest trade deal the U.S. has negotiated since North American Free Trade Agreement (NAFTA) and the Uruguay Round were signed over twenty years ago.

“For a start, there are several hurdles to overcome before it is implemented,” says Andrew Kenningham, senior global economist at Capital Economics.

First off, the deal must be ratified by each country’s legislature – a sticky process that could take several months.

In the U.S., which is leading the initiative, many of President Barack Obama’s fellow democrat legislators, as well as labor groups, fear the TPP will cost manufacturing jobs and weaken environmental laws, while some Republicans oppose provisions to block tobacco companies from suing governments over anti-smoking measures.

“Democrats are opposed, as are leading Republican presidential candidates, including Donald Trump. With presidential elections due next year, the TPP may well get blocked in Congress,” said Kenningham.

*China and Europe may team up to snub TPP

(excerpts)

The world’s largest trade deal in recent decades may wind up creating high school-esque cliques on the international stage.

As the 12-nation Trans-Pacific Partnership (TPP) celebrates after sealing an agreement five years in the making, analysts are wondering whether the key losers from the deal, China and Europe, could join forces in retaliation.

“The question, thus, is what should China and Europe do in front of a huge economic block like TPP?,” remarked Alicia Garcia Herrero, chief Asia-Pacific economist at Natixis, in a report this week.

“China and Europe may finally look at each other and find some commonalities that they were unaware of before.”

Europe isn’t likely to hop on board either seeing as it’s already negotiating with Washington on another major trade pact, the Transatlantic Trade and Investment Partnership (TTIP), and because many of the TPP negotiation benchmarks reached by the U.S. won’t be acceptable to European leaders, Herrero added.

At the end of September, China announced it will become the first non-EU nation to contribute to the European Commission’s 315 billion euro Investment Plan. Meanwhile, the E.U. said it would examine the possibility for China to become a member in the European Bank for Reconstruction and Development (EBRD), a developmental investment bank.

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2 comments

  1. https://jdreport.com/tpp-verdrag-openbaar-vooral-grote-overwinning-farmaceutische-industrie/



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