The Trans Pacific Trade Deal Stumbled. Now Is the Time to Walk Away
Summary
The document calls for the total abandonment of the Trans Pacific Partnership (TPP) following stalled negotiations in Hawaii. It argues that the TPP is a "trojan horse deal" that threatens public health by increasing medicine prices and undermines environmental regulations to protect "free trade" in dirty energy products like tar sands oil. The author highlights the Investor State Dispute Settlement (ISDS) mechanism as a tool for corporations to sue governments for environmental protections, citing a case where Gabriel Resources sought arbitration against Romania. The text concludes that the TPP's environment chapter is "totally inadequate" and encourages public pressure during upcoming elections in Canada and the US to stop the agreement.
Key insights
- The Trans Pacific Partnership (TPP) negotiations have stalled due to disagreements regarding pharmaceutical patents, agricultural market access, and the rights of corporations to sue governments over public policy.
- The TPP is expected to increase the cost of medicine, which the document suggests could result in a "choice between life and death" for citizens in some countries.
- The TPP's environment chapter is described as inadequate and potentially weaker than previous agreements, such as the U.S-Colombia FTA, which failed to stop trade in endangered species or illegally-harvested timber.
- The agreement is argued to fuel global warming by protecting the trade of dirty energy products, specifically tar sands oil, and by increasing exports of coal, oil, and gas.
- The Investor State Dispute Settlement (ISDS) mechanism allows foreign corporations to sue governments for environmental protections, exemplified by the mining company Gabriel Resources seeking arbitration against Romania to prevent a gold mine that would have destroyed four mountains.
Cite the original document
- APA
- admin (2015). The Trans Pacific Trade Deal Stumbled. Now Is the Time to Walk Away. Friends of the Earth International. https://www.foei.org/the-trans-pacific-trade-deal-stumbled-now-is-the-time-to-walk-away/
- Chicago
- admin. The Trans Pacific Trade Deal Stumbled. Now Is the Time to Walk Away. Friends of the Earth International, 2015. https://www.foei.org/the-trans-pacific-trade-deal-stumbled-now-is-the-time-to-walk-away/.
- Wikipedia
- {{cite press release |last1=admin |title=The Trans Pacific Trade Deal Stumbled. Now Is the Time to Walk Away |publisher=Friends of the Earth International |date=5 August 2015 |url=https://www.foei.org/the-trans-pacific-trade-deal-stumbled-now-is-the-time-to-walk-away/ |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{admin2015trans, author = {admin}, title = {{The Trans Pacific Trade Deal Stumbled. Now Is the Time to Walk Away}}, publisher = {Friends of the Earth International}, year = {2015}, month = aug, url = {https://www.foei.org/the-trans-pacific-trade-deal-stumbled-now-is-the-time-to-walk-away/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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