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Julian Assange, WikiLeaks editor said: “The TPP has developed in secret an unaccountable supranational court for multinationals to sue states. This system is a challenge to parliamentary and judicial sovereignty. Similar tribunals have already been shown to chill the adoption of sane environmental protection, public health and public transport policies.”.
Wikileaks reports: “The Investment Chapter highlights the intent of the TPP negotiating parties, led by the United States, to increase the power of global corporations by creating a supra-national court, or tribunal, where foreign firms can “sue” states and obtain taxpayer compensation for “expected future profits”. These investor-state dispute settlement (ISDS) tribunals are designed to overrule the national court systems. ISDS tribunals introduce a mechanism by which multinational corporations can force governments to pay compensation if the tribunal states that a country’s laws or policies affect the company’s claimed future profits. In return, states hope that multinationals will invest more.
"new Comprehensive and Progressive Agreement for Trans-Pacific Partnership"
It's the opposite of what the Obama administration planned when it began negotiating the Trans-Pacific Partnership, known as TPP.
Now they have to buy all their stuff from the US at prime rate
That means that Welch's grape juice, Tyson's pork and California almonds will remain subject to tariffs in Japan, for example, while competitors' products from countries participating in the new Comprehensive and Progressive Agreement for Trans-Pacific Partnership will eventually be duty-free
"They're trying to say, 'We're moving forward and we hope you come to your senses at some point and join us, too'," said Phil Levy, a senior fellow at the Chicago Council on Global Affairs who served as a senior economist for trade under President George W. Bush
What does America export that can't be sourced elsewhere ?
I don't care how cheap or trendy or whatever something is if labor standards were not up to par. We don't need those goods.
originally posted by: andy06shake
a reply to: Boadicea
Accept in the past child labor has indeed be utilized by both our respective nations, less than around 100 years ago.
As to "slave wages" well anything other than a wage that's in line with the cost of living amounts to a slave wage. Don't know what it's like all over the US but here in the U.K most people are paid or exist on less than they require, certainly, our wages are in no way in line with inflation.
We are all indentured servants of a sorts unless you are a 1%er or the like.
Ahhhh... so as long as "your industry" is making big bucks, it's all good... even if it's on the backs of children. We don't need to worry about no stinking fair trade practices. Just that almighty dollar.
Not to say that Trump gave a rats patootie either that the Asian Pacific nations are at the top of the list for child labor abuses. But I'm certainly not going to whine and cry about losing any such markets either.
No , we should care about workers rights and child labour and if it's found we should work with our partners to stop it.
Pretty sure your industry would take a different view to yours.