Monday, May 19, 2014

Bad TPP

Bad TPP

One of the biggest issues in the Japanese politics now is the so-called TPP.

The 2005 Trans-Pacific Strategic Economic Partnership Agreement (TPSEP or P4) is a free trade agreement among Brunei, Chile, New Zealand, and Singapore. It aims to further liberalize the economies of the Asia-Pacific region. 
Since 2010, negotiations have been taking place for the Trans-Pacific Partnership (TPP), a proposal for a significantly expanded version of TPSEP. The TPP is a proposed free trade agreement under negotiation by (as of December 2012) Australia, Brunei, Chile, Canada, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam.[9] Japan has expressed its desire to become a negotiating partner,[10] but not yet joined negotiations as the TPP became a major issue in Japan's 2012 election. 
Anti-globalization advocates accuse the TPP of going far beyond the realm of tariff reduction and trade promotion, granting unprecedented power to corporations and infringing upon consumer, labor, and environmental interests. 
One widely republished article claims the TPP is "a wish list of the 1%" and that "of the 26 chapters under negotiation, only a few have to do directly with trade. The other chapters enshrine new rights and privileges for major corporations while weakening the power of nation states to oppose them."

http://en.wikipedia.org/wiki/Trans-Pacific_Strategic_Economic_Partnership

So, it is another form of embodiment of Wall-Street greed.