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Let's debate the Trans-Pacific Partnership -- history's largest trade deal -- before OKing it
Key Excerpts from Article on Website of Los Angeles Times


Los Angeles Times, March 2, 2015
Posted: March 8th, 2015
http://www.latimes.com/opinion/op-ed/la-oe-reich-trumka-tpp-...

This spring, President Obama and Republican leaders in Congress want to use an outdated process used to pass the North American Free Trade Agreement more than 20 years ago a rule called fast track to force ... passage of the giant Trans-Pacific Partnership, or TPP, trade deal. A fast-tracked TPP would lock in a rigged set of economic rules, lasting potentially forever, before most Americans let alone some members of Congress have had a chance to understand it thoroughly. It would be a grave mistake for Congress to authorize fast-tracking this giant trade deal. We now know that NAFTA [has] contributed to the huge U.S. trade deficits. We now import about $500 billion more in goods and services each year than we export. Following NAFTA with the Trans-Pacific Partnership is like turning a bad television show into a terrible movie. As for the problems with the TPP? What's been leaked about its proposals reveals, for example, that the pharmaceutical industry would get stronger patent protections, delaying cheaper generic versions of drugs. The deal also gives global corporations an international tribunal of private attorneys, outside any nation's legal system, that can order compensation for lost expected profits resulting from a nation's regulations, including our own. These extraordinary rights for corporations put governments on the defensive over legitimate public health or environmental rules.

Note: The above article was co-authored by former U.S. Secretary of Labor Robert Reich, and current president of the AFL-CIO Richard Trumka. For more, see this article, or watch the two minute video Robert Reich made to educate the public about the dangers of the TPP.


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