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"A Corporate Trojan Horse": Obama Pushes Secretive TPP Trade Pact, Would Rewrite Swath of U.S. Laws
As the federal government shutdown continues, Secretary of State John Kerry heads to Asia for secret talks on a sweeping new trade deal, the Trans-Pacific Partnership. The TPP is often referred to by critics as "NAFTA on steroids," and would establishing a free-trade zone that would stretch from Vietnam to Chile, encompass 800 million people -- about a third of world trade and nearly 40 percent of the global economy. While the text of the treaty has been largely negotiated behind closed doors and until June, kept secret from Congress, more than 600 corporate advisors reportedly have access to the measure, including employees of Halliburton, and Monsanto. "This is not mainly about trade," says Lori Wallach, director of Public Citizen's Global Trade Watch. "It is a corporate trojan horse. The agreement has 29 chapters, and only five of them have to do with trade. The other 24 chapters either handcuff our domestic governments -- limiting food safety, environmental standards, financial regulation, energy and climate policy -- or establishing new powers for corporations."
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