This weekend millions of people celebrated with their friends and families America’s independence day. Although most are busy grilling, eating, or gazing into the fireworks, let us not forget what we are truly celebrating.
Tag Archives: Free Trade
The Trans Pacific Negotiations are over and the TPP has been signed. One of the most outrageous parts of the TPP is the strict intellectual property chapter which gives big pharmaceutical companies exclusivity on drugs for 12 long years. This means that drug and medicine prices will soar since generics won’t be able to come out for 12 years.
All 21 original presidential candidates toke a stand for or against the Trans Pacific Partnership (TPP); all except the famous Hillary Clinton. She remained rather for some time quiet since her party is staunchly against job killing “free trade” agreements like the TPP, TTIP, and TISA. However since she is largely backed by Wall Street, what could she do?
Back in 20104, the U.S. Department of Agriculture (USDA) approved U.S. born and raised chicken to be sent to China for processing before being shipped back to the states for our consumption. People’s sentiment towards this issue hasn’t changed one bit. Americans are furious at the fact that our born and raised chicken travel 14,000 miles round trip to be processed and sent back.
The European Parliament has come together to demand limits on Investor State Dispute Settlements (ISDS) from any “free trade” agreement. More specifically, they are demanding that foreign investors shall not have greater rights than domestic investors. The resolution also states that “the jurisdiction of courts of the EU and of the member states is respected, and where private interests cannot undermine public policy objectives.” America needs to do the same. What in the world is ISDS and why did the EU find it necessary to combat against it? Let me explain.