Wikileaks reveals one of the most controversial chapters of Obama’s big Asia trade deal

What could possibly go wrong? Thank God for that bipartisanship, right?

“TPP proponents, which include both President Obama and many congressional Republicans, say the dispute settlement mechanism is a way to prevent countries from discriminating against foreign firms. Indeed, the leaked chapter lays out that a country must give foreign investors treatment ‘no less favorable than that it accords, in like circumstances, to its own investors.’

But opponents, including some congressional Democrats, say it gives corporations too much power. Massachusetts Sen. Elizabeth Warren has argued that, among other things, ISDS undermines sovereignty by allowing foreign companies to attack US laws and regulations outside the US court system. Warren also fears ISDS could weaken environmental and labor laws.”

(Via.) Vox

Spread the word. Share this post!

UA-56674165-2