The Trans-Pacific Partnership Agreement and The Covenant of Secrecy
The TTIP and TPPA, both sounding like ominous injections of political disaster, continue their march towards belittling, and corroding the democratic content of its participating countries. The holder of the needle remains US President Barack Obama, while the incentive is that grand fantasy that the more parties cooperate, the merrier will be the international scene when it comes to making money in a tariff-free world. Negotiate, in other words, with “like-minded” partners, and your limited leverage becomes far more significant.
In this regard, the US Congress has proven a funny old thing. Having made such a fuss about the issue of any nuclear deal with Iran and its necessary involvement, it has proven less enthusiastic about meddling in the matter of the Trans-Pacific Partnership Agreement, or economic instruments with vast consequence. This is one of the centrepieces of Obama’s policy, central to his “shift” towards the Asia-Pacific and containing the increasing shine of Chinese development.
Nor is the equivalent agreement covering Europe, known as the Transatlantic Trade Investment Partnership, is not proving as big a bother as it should. The GOP members have not been opposed to Obama in one key aspect: that he remains the classic lobbyist on the issue that America’s business has always been business.
Last Thursday saw the Ways and Means Committee pass a bill by 25-13 that would actually accelerate trade deals, effectively curbing Congressional power to amend them. That vision stemmed largely from the work of such figures as Senate Finance Committee Chair Orrin Hatch (R-Utah). Debate in the chamber would be restricted, leading, instead, to mere “yes-or-no votes”. Effects of trade, it seems, is something exclusively reserved to the wisdom of the executive.
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