Administration officials are desperately trying to wrap-up Trans-Pacific Partnership (TPP) negotiations in the next few days or so. If they can get it done right now, it enables a timeline for pushing it through Congress by the end of the year — before the public can rally opposition, and before the Presidential campaign season could bring heightened attention to the deal.
One key sticking point in the negotiations is a proposed “carve-out” to prevent tobacco companies from being able to sue governments and block anti-smoking regulations. The tobacco companies are trying to block this carve-out because it “sets a bad precedent” of allowing governments to protect their citizens.
This sounds astonishing, but it’s for real. Read on.
Corporate Courts Let Corporations Sue Governments And Block Laws And Regulations That Protect Citizens
“NAFTA-style” “trade” agreements contain Investor-State Dispute Settlement (ISDS) provisions that allow corporations to sue governments for passing laws and making regulations that might limit their expected profits. This includes environmental, health, consumer and other laws and regulations.More ...