Wednesday, 10 August 2016

We should reject the Trans-Pacific Partnership agreement - a recent media article by Dr. Patrica Ranald

http://www.smh.com.au/comment/we-should-reject-the-transpacific-partnership-agreement-20160810-gqpb52.html

Dr. Patrica Ranald , who has been long term supporter of transparency around trade agreements and working with Australian Unions ( PSI Affiliates) on Trade Related matters , has written a article published in the Sydney Morning Herald at http://www.smh.com.au/comment/we-should-reject-the-transpacific-partnership-agreement-20160810-gqpb52.html around the Trans-Pacific Partnership (TPP) 

The article points to range of academics that do not support the TPP , which points out the text of the agreement might be settled, but as yet no governments have passed implementing legislation, and the social movement. Unions and global organisations like the PSI, have been highly active in this spot. 

 Patricia Ranald says in part of the article - 
"  Most US criticism of the agreement has been led by social movements reflected by Bernie Sanders. In Australia, the opposition has come from a wide range of community groups, from pro-trade bodies like the Productivity Commission, and also from prominent economists like Peter Martin and John Quiggin. "  

"  And all international companies from TPP countries will gain the right to bypass national courts and claim compensation of hundreds of millions of dollars from governments in unfair international tribunals, if they can argue that a domestic law or policy will harm their investment. This is known as Investor-State Dispute Settlement or ISDS. "