It is remarkable when the New American agrees with FireDogLake but this odious Trans-Pacific Partnership has done it!
Here’s the New American’s take on the TPP:
Wednesday morning a document was leaked that reveals President Obama’s plans to surrender American sovereignty to international tribunals. This is one of several frightening provisions of the Trans-Pacific Strategic Economic Partnership (also known as the Trans-Pacific Partnership, or TPP) being negotiated in secret by American trade representatives.
In the now-public document, as part of its membership in the TPP, the United States would agree to exempt foreign corporations from our laws and regulations, placing the resolution of any disputes as to the applicability of those matters to foreign business in the hands of an international arbitration tribunal overseen by the Secretary General of the United Nations.
Here’s the amazing assertion at FireDogLake:
This is really important stuff. We’re talking about restricting access to life-saving drugs, and giving up sovereignty over key domestic laws and regulations to foreign multinationals.
Here’s a chilling example of how a corporation could invalidate the domestic laws of another nation:
In early June, a tribunal at the World Bank agreed to hear a case involving similar foreign investment standards, in which El Salvador banned cyanide-based gold mining on the basis of objections from the Catholic Church and environmental activists. If the World Bank rules against El Salvador, it could overturn the nation’s domestic laws at the behest of a foreign corporation.
We should stand with nations like El Salvador and support national sovereignty. It would be a good restitution for all our meddling. But Americans must rise to fight the TPP! Contact Congress today!