Social movements across Asia, Latin America, Oceania, and North America celebrated on November 15 the fact that their seven-year strategic campaign had successfully derailed the Trans-Pacific Partnership (TPP), a controversial trade deal widely condemned for privileging corporate profits over international public interest.
The news that the White House and Republican congressional leaders have given up on passing the Trans-Pacific Partnership (TPP) is welcome.
That the TPP would be defeated by Congress if brought to a vote signals that the Trojan-horse “trade” agreements that expand corporate power are simply no longer politically viable. People power beat the united forces of a US president, the Republican congressional leaders and the entire corporate lobby.
Nobel Prize-winning economist Joseph Stiglitz has reiterated his opposition to the Trans Pacific Partnership (TPP), saying on August 23 that United States President Barack Obama’s push to get the trade deal passed during the upcoming lame-duck session of Congress is “outrageous” and “absolutely wrong”.
The TPP is a huge proposed trade deal involving 12 Pacific Rim nations, including Australia. It encompasses 40% of the world’s GDP. It was negotiated in secret, but draft chapters published by WikiLeaks confirmed anti-TPP campaigners’ worst fears of a huge power grab by corporations.
The media and advocates of the proposed Trans-Pacific Partnership (TPP) trade agreement have repeatedly described opponents of the deal as opposed to trade itself.
For instance, after US Republican presidential candidate Donald Trump pressed his Democrat rival Hillary Clinton to swear off passage of the deal, the New York Times said Trump was embracing “nationalistic anti-trade policies”.
The Wall Street Journal said Trump expressed “protectionist views”. US President Barack Obama warned that you cannot withdraw “from trade deals” and focus “solely on your local market”.
The three remaining presidential candidates — Republican candidate Donald Trump, and Democratic contenders Hillary Clinton and Bernie Sanders — have all come out against the Trans-Pacific Partnership (TPP) agreement in varying degrees.
The TPP, a “free trade agreement” involving 16 Pacific Rim nations (including Australia), is an undisguised corporate power grab. However, all candidates in the US presidential election stress a reactionary argument against it.
Peruvians took to the streets of the country's capital Lima in large numbers on February 25 to protest against the pro-corporate Trans-Pacific Partnership (TPP) involving 12 Pacific Rim nations.
The Trans-Pacific Partnership (TPP) agreement, which involves 12 Pacific rim nations, seriously threatens indigenous land rights, as well as the natural resources they preserve, said United Nations Special Rapporteur on the Rights of Indigenous Peoples Victoria Tauli-Corpuz.
In an interview with the International Work Group for Indigenous Affairs, Tauli-Corpuz said a major issue with the trade deal is “the clause of non-discrimination between a local and an international investor ... [it] grants more rights to transnational firms, often at the expense of indigenous rights”.
Anti-TPP protesters in Auckland.
Amid angry protests in the streets, Pacific rim countries signed the controversial Trans-Pacific Partnership (TPP) trade deal on February 4 in New Zealand's capital Auckland.
The secret text of the Trans-Pacific Partnership was released on November 5 and was swiftly condemned by green groups around the world, which said the trade agreement fails to provide adequate protections for the environment.
The TPP was agreed to on September 5 by the US, Australia, Singapore, New Zealand, Chile, Brunei, Canada, Malaysia, Mexico, Peru, Vietnam and Japan. These countries represent about 40% of global GDP.