As negotiations continue, WikiLeaks has published leaked chapters of the secret Trans-Pacific Partnership — a global trade deal between the United States and 11 other countries. The TPP would cover 40 percent of the global economy, but details have been concealed from the public. A recently disclosed “Investment Chapter” highlights the intent of U.S.-led negotiators to create a tribunal where corporations can sue governments if their laws interfere with a company’s claimed future profits. As WikiLeaks founder Julian Assange tells Democracy Now, the plan could chill the adoption of health and environmental regulations.
[It is about] erecting and embedding a new, ultramodern neoliberal structure in U.S. law and in the laws of the other countries that are participating, and… putting it in a treaty form. And by putting it in a treaty form, that means—with 14 countries involved–it’s very, very hard to overturn. So if there’s a desire, democratic desire, in the United States to go down a different path—for example, to introduce more public transport—then you can’t easily change theTPP treaty, because you have to go back and get agreement of the other nations involved.