Why the Trans-Pacific Partnership Agreement is a Pending Disaster | Common Dreams | Bre... - 0 views
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shared by Govind Rao on 08 Jan 15
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Wednesday, January 07, 2015
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Projected on the side of a building in Spokane, Washington in 2013, the message against 'fast track' authority, which would restrict lawmakers ability to weigh in or make changes to the deal, has been key in the fight against the Trans-Pacific Trade Partnership agreement. The reason: If the American people knew what was in this deal they would never allow their members of Congress to vote in favor of it. (Photo: Michael Beasley of Spokane Coalition Builders/flickr/cc)
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Republicans who now run Congress say they want to cooperate with President Obama, and point to the administration’s Trans-Pacific Partnership, or TPP, as the model. The only problem is the TPP would be a disaster.
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If you haven’t heard much about the TPP, that’s part of the problem right there. It would be the largest trade deal in history — involving countries stretching from Chile to Japan, representing 792 million people and accounting for 40 percent of the world economy – yet it’s been devised in secret.
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What’s been leaked about it so far reveals, for example, that the pharmaceutical industry gets stronger patent protections, delaying cheaper generic versions of drugs. That will be a good deal for Big Pharma but not necessarily for the inhabitants of developing nations who won’t get certain life-saving drugs at a cost they can afford.