Peruvian Newspaper Reveals TPP Favors Foreign Companies This is another bit we haven't seen

[Ichingcarpenter]

The 55-page chapter, dated Jan. 20 this year, shows the treaty will reinforce the mechanisms that allow transnational corporation investment in the countries to sue the state where they operate, even before attempting to go through the national mechanisms. The chapter also specifies that companies will be able to sue the state in private courts when they lose profits, or the expectation of profits, due to social conflicts and changes in the public health or environmental codes of a nation. It will also protect companies from direct and indirect expropriations and any changes in financial legislation.


The chapter contradicts promises by Peruvian President Ollanta Humala and his U.S. counterpart Barack Obama. According to the notes from the debate during the negotiations, only Australia refused to be ruled by the regulations in this chapter. In contrast to Peru, where there is no transparency about the negotiations, Chile has created an open forum with its citizens to find out where they stand. Chile has also included a clause that protects the right of its Central Bank to limit money transfers from and to the country. According to the aforementioned TPP chapter, if a foreign company considers that a law passed by a government affects its rights — as recognized by the TPP — it could sue the country in the private arbitration system, the investor-state dispute settlement, or ISDS.

This content was originally published by teleSUR at the following address:
http://www.telesurtv.net/english/news/Peruvian-Newspaper-Reveals-TPP-Favors-Foreign-Companies-20150326-0028.html. If you intend to use it, please cite the source and provide a link to the original article. www.teleSURtv.net/english

[Faryn Balyncd]

1. It just keeps getting worse.

[rhett o rick]

2. Yeah but we haven't seen the final version.

[Ichingcarpenter]

3. two real quotes from 2 DUers

[rhett o rick]

4. LOL. Very good. nm

[zeemike]

8. And we have to pass if before we know what is in it.

But don't worry, we can change anything we don't like.

[Populist_Prole]

10. ...After it's already railroaded....err....fast-tracked in

But of course we can fix it then!!

[woo me with science]

5. K&R Keep the ugly truth coming.

Turn over every rock and expose the corporate vipers, including pretend Democrats, for what they really are.

[JDPriestly]

6. K&R.

We do not need and should not agree to have the TPP. I see no upside at all. Not for the American people. So why bother? We can negotiate individual trade agreements country by country and state in them where disputes are to be settled.

[MisterP]

7. Latin America has long complained that it reads about what's going on there only from US papers

of course it's not "the shoe's on the other foot," but that the shoe's on the 99%'s other foot now

[jalan48]

9. So if this passes and corporations sue states, what if the state's refuse to pay?

What is the enforcement mechanism?

[erronis]

11. Excellent question. Haven't you read about the torture, the extraordinary renditions, etc.?

I'm sure the states have all the info up on their web sites. If not why don't you look for the US Federal regs for this. <kidding>

Haven't you received your copy of the document that you can agree (or not) to this miscarriage? Hasn't the Department of (Commerce, Interior, Homeland Insecurity) sent you a copy?

Does anyone know why this needs to be so secret and designed to be put in place with no public scrutiny?

[jalan48]

14. I expect the info any day now in the mail-I'm sure it's coming.

It must mean only 'corporate friendly' officials will be eligible for public office. If someone who isn't certified 'corporate friendly' decides to run for office he or she will be deemed ineligible under the new TPP election rules.

[Oilwellian]

13. The Constitution binds us to treaty agreements

The states wouldn't pay, our federal government would.

[jalan48]

15. I would hope there would be a public outcry and the elected officials who supported this thrown out.

[truedelphi]

18. Bwahahaha! Since our Congressional crtters benefit from their close relationships with

Heads of multi nationals, except for those that are also muilti nationals (like mitt Romney) I doubt that there would be any foot dragging. Maybe in a place like Vermont, but I doubt that there would be foot dragging anywhere else.

[truedelphi]

19. Of course, smaller nations where the elected officals are sometimes more honest,

those places might drag their feet. Then they would get sued and their officials would have to go to International Court of Law to defend whatever practice they were insisting on..

John Oliver has been covering the Phillip Morris' company's International Court of Law cases against Uruguay and another small country.


The entire segment relating to how Phillip Morris is using copyright law and trademark law to go after nations that refuse to allow smokes to be sold without some type of warning on the package can be seen here, although you need to scroll down quite a ways:

http://consumerist.com/2015/02/17/philip-morris-does-horrible-job-of-defending-itself-after-john-oliver-mocking/

[jalan48]

21. Thanks for the info. I will check it out.

[jwirr]

12. It is significant that they said TPP favors foreign COMPANIES and not countries. I don't think this

is any better for other countries than it is for us. Hopefully they will realize it and help fight against it.

[Enthusiast]

16. Just when I think I couldn't be more disappointed in the President.................

............................

[840high]

17. k/r

[Elwood P Dowd]

20. All the corporate loving republican trolls must be in bed and missed their chance

to torpedo this post. Expect them here in full force later this morning.

[KoKo]

22. Recommend...