TPP secrets: Obama covertly granting more power to multinational corporations
RT
Published: 13 June, 2012, 20:20
Edited: 14 June, 2012, 01:15
Despite the White House's efforts to keep a proposed free trade agreement concealed from the public — and even Congress — an excerpt from the TPP leaked Wednesday reveals that President Obama is prepared to bow to multinational corporations...
...According to the leaked excerpt, the Obama administration has been considering TPP provisions that would allow foreign corporations operating within the United States to appeal regulations on the environment and banking that would be forced on American-owned businesses with no chance of reprieve. While the United States could be sanctioned for failing to impose regulations on American-run businesses, multinational corporations are practically encouraged to do as much because the TPP outlines a clear avenue to file an appeal. If one of the eight Pacific nations chooses to do as much, their plea would be heard by an international tribunal that could overrule US law.
Full story: http://rt.com/usa/news/tpp-obama-corporations-trade-725/ (http://rt.com/usa/news/tpp-obama-corporations-trade-725/)
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