Monday, 15 August 2016

TTP: largest international economic treaty ever negotiated

"[WikiLeaks founder Julian] Assange described [TPP *] in a `Democracy Now` interview as being `not formally classified but being treated as if it is classified in terms of how the information is being managed.` He says, `It is very well-guarded from the press and the majority of people and even from Congressman, but 600 U.S. companies are part of the process and have been given access to various parts of the TPP`."

"He continues, `It’s the largest ever international economic treaty that has ever been negotiated. Very, considerably larger than NAFTA, it is mostly not about trade. Only five of the twenty-nine chapters are about traditional trade. The others are about regulating the Internet. Internet service providers have to collect information; they have to hand it over to companies under certain circumstances. It’s about regulating labour, what labour conditions can be applied, regulating whether you can favour a local industry, regulating the hospital health care system, privatisation of hospitals`."

"`Essentially every aspect of the modern economy`," says Assange, `even banking services, are in the TPP. So that is erecting and embedding a new, ultra-modern neo-liberal structure in U.S. law and in the laws of the other countries that are participating`."

* "The Trans-Pacific Partnership (TPP) is a trade deal being negotiated between 12 countries in North America, Latin America, Australasia and the Pacific. Like the TTIP and other trade deals, it aims to increase the power of big business over many areas of life, including public services and democracy."
"But the TPP deal goes even further, by committing governments to allowing multinational companies access to all public and other services, unless they have been specifically excluded."

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