A frequent criticism of âfree tradeâ agreements is that corporations are elevated to the level of a country. It might be more accurate to say that corporations are elevated above countries.
The muscle in trade agreements like the North American Free Trade Agreement or the proposed Trans-Pacific Partnership is the mandatory use of âinvestor-state dispute mechanisms.â That bland-sounding bureaucratic phrase is anything but bland in its application â these âmechanismsâ are the tools used to turn corporate wish lists into undemocratic reality.
The concrete form of these âmechanismsâ are corporate-dominated secret tribunals that hand down one-sided decisions with no oversight, no public notice and no appeals. This is so is because governments that sign trade agreements legally bind themselves to mandatory arbitration in these secret tribunals despite (or because of) their one-sided nature. It is a virtually certainty that, should be they passed into law, the Trans-Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP) will contain some of the most draconian language yet in this area.
Activists in the TPP countries, as well as those in the European Union, should pay particular attention to the experience of Canada under the North American Free Trade Agreement. Canada has been the principal target within NAFTA because of its superior environmental laws in comparison to the United States and Mexico, with U.S.-based multi-national corporations the primary suers. Environmental, safety, labor and âbuy localâ laws around the Pacific and in Europe will be targets should the TPP and TTIP be implemented.
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