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Where the TPP Could Lose

August 17, 2015

Where the TPP Could Lose

After years of secret negotiations and silence in the media, the Trans Pacific Partnership (TPP) has risen to headline news. Now that Congress has voted to give President Obama “fast-track” trade promotion authority to push the deal through the House and Senate with limited debate and no amendments, efforts to finalize the agreement among member countries are proceeding in earnest.

But even if negotiators can reach a final accord, which is far from certain, the pact must still be approved by other national legislatures. And here, the United States is not the only country we should be watching. In Chile, where the administration of President Michelle Bachelet has moved forward with the TPP negotiation process, opposition is strong in the legislature. Even Bachelet’s minister of foreign affairs has indicated that Chile won’t sign the agreement if the TPP doesn’t meet certain criteria.

The Chilean controversy over the TPP highlights some of the biggest problems with the agreement — for working people in Chile, the United States, and around the world — and it makes plain the false promises the Obama administration used to push Democrats to support fast track.

That a no vote from Chile might unravel the agreement as a whole — or inspire other legislatures to follow suit — may be wishful thinking. But growing opposition in that country is a reminder of what’s at stake and why it’s so important for national legislators — in the United States and abroad — to take a stand against bad trade deals. And it highlights the power that organized citizens have to hold politicians accountable and make the TPP vulnerable.

Corporate Boondoggle

The TPP would unite 12 Pacific Rim countries — Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam — in an agreement so big it would account for 40 percent of the global economy.

 

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