Luke Flanagan, a member of the European Parliament, has been told to take this video down, thats why we’re posting it here.
Also ICYMI check out the TTIP-leaks here, courtesy of Greenpeace.
Imagine a world where corporations have their own justice system where they can sue any government if laws get in the way of their profits.
If you think this is hard to imagine, think again. Obama is pushing for 3 trade agreements that make this possible, covering 2/3rds of the worlds GDP.
The United states first tried to get this through the World Trade Organization which voted against it because of legitimate criticism from several countries, so in an effort to completely overrule the WTO they started negotiating trade agreements with multinational corporations across the world. Not only was this kept from the public, it was also kept from politicians. The only people with access were the corporations.
There is an international court where lawyers represent companies, this is the highest court and overrules any other legal system in place, this practice is called an Investor-state dispute settlement. When Canada accepted NAFTA (another trade agreement with an investor protection clause) an American company sued the Canadian government for more than 250 million dollars when they decided to ban fracking. Another example of this is when Germany banned the use of nuclear energy, the energy companies sued Germany for 27.8 billion dollars in an ISDS court. This list goes on and on, and it is clear that once the trade agreements passed congress, all of the participating countries will lose their sovereignty to multinational corporations.
In order to make trade more cost-effective, these agreements are written to get rid of non-trade barriers. Non-trade barriers are laws and restrictions regarding health, safety and environmental protection. At the moment because of strict laws in the European Union products from the United states need to be tested twice, once in the United States to fit their standards, and once in the EU. This is costly, but it serves a purpose: In the EU 80 pesticides that are used in the US are banned because of strong health concerns, 90% of corn in the US is genetically modified while the European Union grows virtually none, and sanitization techniques like washing chicken with chloride is banned in the EU while it is common practice in the US. Under international law the United States can sue the European Union if they want to keep their laws and regulations through the use of Investor-state dispute settlement once the US-EU trade deal TTIP is signed.
The Trade in Services Agreement clearly states services, once privatized, can not be nationalized. When Iceland jailed its bankers for causing a major financial crisis and privatized their banks, their economy restored and Iceland is now one of the best economies in the European Union. Under TiSA this would be an illegal practice. Apply this to other services like water and you can start to imagine the disastrous consequences. Not allowing states to compete with lower prices will skyrocket the amount we pay for services, adding the fact that the pharmaceutical industry was part of the negotiations when writing these trade deals paints a future where no one is able to afford to pay for services and products that are a basic human right.
COLD WAR OF TRADE
Brazil, Russia, China and India are excluded from the negotiations and are not covered by the massive “free” trade zone. Not only does this result in the collapse of these economies, they will be pressured into underdevelopment which may cause unwanted side effects like refugees, war and an even grater income inequality considering these countries already have unstable environments.
There are countless more implications of these trade agreements like the extension of intellectual property and mandating internet service providers to monitor its users, but the main concerns are listed above. Trade agreements are the death of democracy and no one seems to be worried until it is too late – contact your representatives.
VIDEO: The US strategy to create a new global legal and economic system: TPP, TTIP, TISA.