July 26, 2016 by vancouvereastgreens
The Trans Pacific Partnership includes an investor-state dispute settlement provision that allows transnational corporations to sue governments over legislation or policies made in the public interest. This includes laws relating to the environment and human rights.
It extends the patent length (and profits) of pharmaceutical corporations by delaying the introduction of lower cost generic drugs; it slashes the domestic content requirement for automobiles, putting thousands of autoworker jobs at risks, and it undermines family farmers by opening up the Canadian dairy market to imports without creating new export markets for Canadian farmers.
This agreement supports transnational corporations at the expense of citizens and governments.