Sorry, this post will be by way of a copy/paste nasty garbage public service announcement (sounds better in the original faux French) all the way. Life beckons, and all that rot. These sources all have received the new memos; the link to them is below.
The US is ramping up pressure to secure a Trans-Pacific Trade Deal with conditions that could undermine the national interests of nations involved. WikiLeaks documents say talks are “paralyzed,” with the US refusing to compromise on disputed issues.
Anti-secrecy group WikiLeaks has released two documents revealing the state of negotiations for the Trans-Pacific Partnership (TPP). The deal in question includes 12 countries – the United States, Japan, Mexico, Canada, Australia, Malaysia, Chile, Singapore, Peru, Vietnam, New Zealand and Brunei – which represent more than 40 percent of the world’s gross domestic product.
(Some 119 issues are still unresolved as negotiations continue in Singapore.)
‘Among the issues blocking the agreement stipulates new powers for multinationals that would allow them to challenge country laws in privately run international courts. Washington has endorsed such powers in previous trade deals such as the North American Free Trade Agreement (NAFTA), but conditions in the TPP could grant multinational more powers to challenge a wider range of laws. Under NAFTA several companies including Dow Chemicals and Exxon Mobil have sought to overrule regulations on fracking, oil drilling and drug patents.
Furthermore, among the rumored conditions in the treaty are new standards that would grant pharmaceutical companies new intellectual property rights. The regulations would extend patents, giving companies monopolies on new medications and potentially pushing up prices in the developing countries participating in the deal.