Close Video

All

Leaked documents show Obama's secret trade deal threatens US sovereignty

A majority of Americans have probably never heard of the Trans-Pacific Partnership trade agreement. That's because it is being negotiated by the Obama administration with such a high level of secrecy, even members of Congress have been barred from discussing the details.

However, leaked documents reveal that there is a genuine cause for concern over President Obama's secret TPP trade deal.

Lori Wallach, director of Public Citizen’s Global Trade Watch, told Common Dreams, “The top US trade official effectively has said that the administration must keep TPP secret because otherwise it won’t be able to shove this deal past the public and Congress.”

The leaked documents obtained last month by Public Citizen show that the TPP is not really a trade agreement between the US, Canada, Mexico and a dozen Pacific Rim countries. It’s more like NAFTA on steroids.

There are 29 sections in the TPP deal and only four of them have to do with trade. The bulk of the agreement, which is being written by “600 US corporate advisers," deals with signing over national sovereignty and property rights to multinational corporations, for what is best described as the complete deregulation of capitalism on a global scale.

There is almost no aspect of American life that would not be profoundly affected by the TPP.

The Independent Political Report points out:

The TPP includes an “investor-state” provision that specifically grants global banks the power to challenge any law or regulation of any country that reduces their profits as a “regulatory taking.” It could then take that country to a private international tribunal that entirely circumvents all public judicial authorities. The tribunal would be authorized to force countries to either rescind their laws or pay “damages” from their treasuries directly to global corporations.

Corporate “stakeholder” provisions in the TPP would give profits priority over all else, including property rights, worker wages, environmental regulations, food safety, and access to drugs and medical devices, among others. Irreversible damage to the environment, as well as public health, safety and economic hardship for working-class people is both limitless and unthinkable.

“As an example of harmful policies through leaked text, it is known that the TPP gives pharmaceutical and medical device corporations the ability to ‘evergreen’ their patents and prevents governments from negotiating fair prices. This keeps the price of medications and other necessary health goods high and prevents generics,” according to Truthout.

Essentially, any nation's laws or regulations that interfere with a foreign or domestic corporation's claims to “expected profits” can be dismantled by a foreign tribunal. The country that loses its case can also be forced to pay the corporation for loss of potential profits out of taxpayer funds. The numbers could be staggering, especially in areas of oil and gas production.

In comments to Common Dreams, Wallach added, “The outrageous stuff in this leaked text may well be why US trade officials have been so extremely secretive…. Via closed-door negotiations, US officials are rewriting swaths of US law that have nothing to do with trade and…have agreed to submit the US government to the jurisdiction of foreign tribunals that can order unlimited payments of our tax dollars to foreign corporations that don’t want to comply with the same laws our domestic firms do.”

The Obama administration has been working on the TPP deal since 2009, but has recently stepped up negotiations and hopes to have the details completed by October.

Obama also wants Congress to grant him fast-track authority on the TPP trade deal. That would allow him to keep the details secret until after it was signed, and render Congress powerless to amend the deal.

Commentary

Transparency is essential in a democracy. All the more reason for the American public to demand it from the Obama administration, particularly when it comes to the TPP trade agreement.

The propaganda for this pseudo-trade agreement will surely sell it to the public as "good for job creation and the economy." But Americans heard that with NAFTA and the exact opposite became true. The North American Free Trade Agreement traded nothing but US jobs and opportunity for growing corporate profits and a shrinking middle class.

The TPP is the epitome of the most evil form of capitalism ever imagined, and a poor disguise for a corporate power-grab that will undoubtedly be the final nail in the coffin of America's corrupt and failing democracy.

There can be no other reason for any leader to literally surrender the personal property rights, freedom and national sovereignty of a nation to CEOs and their stockholders, interested in nothing but gross exploitation for profit.

Americans need to speak up now, or forever lose everything the American Dream ever stood for.

Author’s note: This report includes opinions and commentary based on independent analysis of official documents and public information.

***

If you like to write about US politics, enter Allvoices’ The American Pundit political writing contest. Allvoices is awarding four $250 prizes each month between now and Nov. 30. These monthly winners earn eligibility for the $5,000 grand prize, to be awarded in December. If you do not already have a free account, sign up here.

The American Pundit on Twitter: https://twitter.com/AmericanPundits

Allvoices on Twitter: https://twitter.com/allvoices

Allvoices on Facebook: https://www.facebook.com/freelance.journalism

***

Sources and more info:

Congressman: Secret trade deal is 'disturbing attack on American democracy' http://www.washingtontimes.com/blog/inside-politics/2013/jun/18/grayson-secret-trade-deal-attack-us-democracy/

Obama’s Covert Trade Deal http://www.nytimes.com/2013/06/03/opinion/obamas-covert-trade-deal.html?_r=1&

Explosive Leak: Trans-Pacific Partnership Trade Agreement Pushes Corporate Sovereignty Over Environmental Laws http://crooksandliars.com/susie-madrak/leaked-document-tpp-trade-agreement-p

Secret TPP Deal Would Void Democracy http://www.labornotes.org/2013/07/secret-tpp-deal-would-void-democracy

Trade pick presses for ‘fast-track’ authority for new deals http://www.washingtontimes.com/news/2013/jun/6/trade-pick-presses-fast-track-authority-new-deals/

US Trade Rep weasels and squirms when cornered on an airplane and questioned about secret copyright treaty http://boingboing.net/2009/12/05/us-trade-rep-weasels.html

Obama Trade Document Leaked, Revealing New Corporate Powers And Broken Campaign Promises http://www.huffingtonpost.com/2012/06/13/obama-trade-document-leak_n_1592593.html

Read the leaked document here (PDF).

Citizen complaint line: How to contact your US senator or congressional representative

Click here for more itobin53 reports on Allvoices