The biggest GOP objection to TPP is that it doesn’t protect the drug industry enough, according to this NY Times article:
With 12 nations pressing to conclude the largest regional trade accord ever, United States officials find themselves squeezed between activists pressing to secure access to low-cost pharmaceuticals and Republicans who say Congress will reject a deal without strong patent protections for the drug industry.
Click to read full article: Patent Protection for Drugs Puts Pressure on U.S. in Trade Talks.
There is widespread criticism of Malaysia for human trafficking, yet the country is getting an upgrade due to TPP negotiations. Here are several relevant articles.
Politico reports on the complexity of the TPP negotiations and how industries in various countries could upend them. Here’s an excerpt from “Rice, milk and cars among the stumbling blocks in historic trade pact:”
“The administration has indicated they want to wrap up negotiations in this round,” Rep. Rosa DeLauro, a staunch opponent of the agreement, told reporters. “My colleagues and I are here to say that is altogether too fast a schedule. … The agreement itself is riddled with problems. Congress, industry, advocates still have enormous concerns which the administration has done little or nothing to resolve.”
Timelines built into the new trade promotion authority law require Obama to give Congress 90 days’ notice before signing any trade deal and to make the agreement public 60 days before signing. So the transpacific pact must be completed soon for Congress to vote on it before Christmas, the administration’s best-case scenario.
Still, U.S. trade officials have never closed a deal quite as complex as the TPP, which aims to establish the rules of trade for the 21st century and anchor the United States securely in the fastest-growing economic region of the world rather than cede it to an ever-more-dominant China.
“It’s going to be some of the most interesting negotiations in diplomatic history,” said John Corrigan, who tracks the talks for the U.S.-ASEAN Business Council, a group of companies active in the Southeast Asia region. “Certainly the most important trade deal in global commercial history, the most complex and the most forward-looking.
Joseph Stiglitz published On the Wrong Side of Globalization in March 2015:
Trade agreements are a subject that can cause the eyes to glaze over, but we should all be paying attention. Right now, there are trade proposals in the works that threaten to put most Americans on the wrong side of globalization.
Read the full article here.
If you think Citizens United took power away from individuals, then you’ll be shocked to read about ISDS. Meet the “obscure but increasingly powerful field of international law — where foreign investors can sue governments in a network of tribunals for billions of dollars.”