Thursday 14 June 2012

Breaking ’08 Pledge, Leaked Trade Doc Shows Obama Wants to Help Corporations Avoid Regulations





A U.S. proposal for the Trans-Pacific Partnership (TPP) trade pact between the United States and eight Pacific nations would allow foreign corporations operating in the U.S. to appeal key regulations to an international tribunal.

The body would have the power to override U.S. law and issue penalties for failure to comply with its ruling.

We speak to Lori Wallach, director of Public Citizen’s Global Trade Watch, a fair trade group that posted the leaked documents on its website. "This isn’t just a bad trade agreement," Wallach says. "This is a 'one-percenter' power tool that could rip up our basic needs and rights." 

For the transcript click the link at the top.

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