In Part 1, I’ll outline the broad framework and some key provisions of the TPP. In Part 2, I’ll address the secrecy issue, the corporate make-up of the advisory committees, and offer some brilliant thoughts.
The Trans-Pacific Partnership (TPP) is an international trade agreement under negotiation among 12 member countries/Parties: the US, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. This agreement, if approved, would encompass 40% of world GDP, one-third of all global exports, and almost half of the world’s foreign direct investment. If it goes through, it will end up covering about 60% of our own foreign trade. Due to this enormous scope, what’s agreed upon here will have impacts on trade rules for decades to come. I’m going to explain what I know about the major provisions of the TPP, and give you a rundown of points of interest and/or controversy.
But before I do that, you need to know this: I can’t read the official text of the TPP. It’s secret. Not classified, exactly, but secret from the general public. In fact, those who are cleared to read it have to agree that they won’t talk about it. So, as Michael Wessel explains, this presents a hilarious Catch-22: you can’t criticize what you can’t read. If you’re cleared to read it, you can’t talk about the specifics of what you’ve read. If you can’t talk about the specifics, President Obama can slam you for not being specific in your criticisms. BAM. SUCK IT, CRITICS