It turns out that the TPP is not the only secret trade agreement the Obama administration is pushing. The Transatlantic Trade and Investment Partnership (TTIP) agreement, which would be the largest “free trade” deal in world history, is now being negotiated between the U.S. and E.U.
Obama seems to think that corporations and not democratically elected governments should control our economic future. The TTIP contains an “investor-state dispute settlement” system (ISDS), which would provide a framework for corporations to sue governments over alleged lost profits and overrule national laws, courts, and democratic processes. Such corporate tribunals have become hallmarks of so-called “free trade” agreements, included in 3,000 such deals world-wide, such as the infamous North American Free Trade Agreement (NAFTA). These tribunals are an attempt to escape the jurisdiction of national courts and bypass the obligation of all states to ensure that all legal cases are tried before independent, public tribunals.
President Obama is currently pressing for passage of “Fast Track” legislation for the TPP and other trade deals that would allow the White House to ram through these secret deals currently under negotiation. This certainly looks like another example of Obama’s close ties with Wall Street and Big Money winning out over the American people. We, the people, need to get money out of politics so Obama and Congress stop working for their corporate sponsors and start working for the people and what’s in our best interests.
Labor, environmental, community, and human rights organizations around the world have mobilized for years against these and other such pacts, with organized opposition to the TTIP mounting on both sides of the Atlantic. We need to stand up and make our voices heard.