Latest Leak from Obama Includes International Tribunals to Punish US Corporations

Discussion in 'News / Current Events' started by InTheLight, Jun 13, 2012.

  1. InTheLight

    InTheLight
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    The newly leaked document is one of the most controversial of the Trans-Pacific Partnership trade pact. It addresses a broad sweep of regulations governing international investment and reveals the Obama administration's advocacy for policies that environmental activists, financial reform advocates and labor unions have long rejected for eroding key protections currently in domestic laws.

    Under the agreement currently being advocated by the Obama administration, American corporations would continue to be subject to domestic laws and regulations on the environment, banking and other issues. But foreign corporations operating within the U.S. would be permitted to appeal key American legal or regulatory rulings to an international tribunal. That international tribunal would be granted the power to overrule American law and impose trade sanctions on the United States for failing to abide by its rulings.

    The terms run contrary to campaign promises issued by Obama and the Democratic Party during the 2008 campaign.

    http://www.huffingtonpost.com/2012/06/13/obama-trade-document-leak_n_1592593.html


    The leak also reveals that all countries involved in TPP talks – except Australia – have agreed to submit to the jurisdiction of such foreign tribunals, which would be empowered to order payment of unlimited government Treasury funds to foreign investors over TPP claims. As revealed in Section B of the leaked text, these tribunals would not meet standards of transparency, consistency or due process common to TPP countries’ domestic legal systems or provide fair, independent or balanced venues for
    resolving disputes between sovereign nations and private investors. For instance, in a manner that would be unethical for judges, the tribunals would be staffed by private sector lawyers that rotate between acting as “judges” and as advocates for the investors suing the governments.

    Analysis here:
    http://www.citizen.org/documents/Leaked-TPP-Investment-Analysis.pdf
     
  2. billwald

    billwald
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    Is this an official Obama leak or a subversive neocon spy in Obama's camp leak?
     
  3. targus

    targus
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    If you were to read the article you would see that the unions and greens don't like this one bit.

    So my guess is that it is an unofficial Obama leak by a devotee of one of those causes.
     

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