The TPP Corporate Power Grab
The TPP was the latest corporate giveaway disguised as a trade deal. Like other deals before it, the TPP was negotiated in secret by nearly 500 companies and trade associations. Most of these deals aren’t about cargo ships or tariffs; they are about a global corporate effort to roll back commonsense protections for workers, the environment and public health. These companies aren’t going to prioritize people over their profits. The TPP was a direct threat to the hard-won environmental and consumer protections that we rely on to keep our communities safe, our water clean and our food healthy and affordable.
That’s why Food & Water Watch mobilized our supporters to stop the TPP and why we will continue to fight for a new trade agenda that puts workers, communities and the environment first.
Foreign Companies Can Sue over Environmental Protections
The TPP would have given foreign companies special rights to sue the United States if they thought any rules or policies harmed their future profits — including local fracking bans. These big business rules have been in other trade deals too. A Canadian company brought a $15 billion trade lawsuit against the United States blocked the climate-destroying Keystone XL pipeline under similar provisions of the North American Free Trade Agreement (NAFTA). The TPP would have escalated these incidents by giving thousands more companies from Japan, Australia, New Zealand and other countries the right to sue in special tribunals where corporate lawyers are the judges — and the cases cannot be reviewed by U.S. courts.
Allowing foreign countries to sue for monetary damages at international trade tribunals, because local, state, or federal laws allegedly infringe on their investment rights and profits, is a slippery slope at best. Companies that win these suits can reap taxpayer-financed windfalls, and even the threat of these suits can discourage our governments from enacting future protections. Learn more about these very real problems.
How Food & Water Watch stopped the TPP--and will stand up for progressive trade policy in the future
We organized in congressional districts across the country to stop this plan and were part of a far-reaching coalition of concerned citizens, environmental advocates, labor unions, family farm groups, faith-based and development organizations, and Internet privacy rights advocates. Working together, in 2016 we stopped to this threat to our democracy.
But the fight for a new, progressive trade future is far from over. We will stand with our allies to make sure that any effort to revisit past agreements like NAFTA or other trade deals fulfill our progressive principles — stand up for workers here and worldwide, protect the environment, food safety rules and farmers and reject the corporate trade lawsuits like the TPP. We won’t let the corporate-filled Trump cabinet sneak the TPP provisions into future trade measures.
Deals like the TPP could erode and reverse the important steps we have taken towards protecting communities from fracking, increasing transparency in our food system, and enforcing safe standards of living. Join us and our allies and supporters across the country and voice your opposition to bad trade deals under the Trump Administration.