Currently, the Obama Administration is in the process of negotiating two large scale so-called “Free Trade” Agreements. The Transatlantic Trade and Investment Partnership (TTIP) seeks to include the United States and European Union in a free trade zone akin to NAFTA and some of the more recent trade agreements with South Korea and Latin American countries. The Trans-Pacific Partnership (TPP) seeks to accomplish much the same among the US, Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Provision would be made to add Japan, the Philippines, Thailand, South Korea and other Pacific Rim countries later on.
The documents are extremely complex and lengthy. Negotiations are kept largely secret, and include input designed to consolidate financial, economic and political power in the hands of a relatively few large corporations. Local and national regulatory powers of governments that restrict corporate power regarding environmental and consumer safety, as…
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