Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
NAFTA on Steroids: Consumer Groups Slam the TPP as 12 Nations Agree to Trade Accord
Posted
October 6, 2015
Views
5,517
Likes
107
Comments
12
Engagement
2.16%
October 6, 2015
5,517
107
12
2.16%
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18:04Now PlayingThe United States and 11 other Pacific Rim nations reached an agreement Monday on the Trans-Pacific Partnership, the largest regional trade accord in history. The agreement has been negotiated for eight years in secret and will encompass 40 percent of the global economy. The secret 30-chapter text has still not been made public, although sections of draft text have been leaked by WikiLeaks during the negotiations. Congress will have at least 90 days to review the TPP before President Obama can sign it. The Senate granted Obama approval to fast-track the measure and present the agreement to Congress for a yes-or-no vote with no amendments allowed. During Senate hearings in April, Vermont Senator Bernie Sanders fought fast track, warning that the American people need time to understand the TPP. He issued a statement Monday saying, “I am disappointed but not surprised by the decision to move forward on the disastrous Trans-Pacific Partnership trade agreement that will hurt consumers and cost American jobs. Wall Street and other big corporations have won again. It is time for the rest of us to stop letting multi-national corporations rig the system to pad their profits at our expense." Robert Weissman, president of the consumer advocacy group Public Citizen, joins us to discuss TPP.
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