Tag Archives: fast track

As ‘Do-Or-Die’ Talks End In Failure, Could TPP Be Derailed for Good?

Global justice campaigners say disintegration of Maui negotiations ‘good news for people and the planet’

By Sarah Lazare, staff writer for Common Dreams. Published August 1, 2015

Protesters in Hawaii. Photo by Akaku Maui Community Media

Photo by Akaku Maui Community Media

This week’s closed-door Trans-Pacific Partnership (TPP) negotiations in Maui, which President Barack Obama hoped would be the last round, ended Friday in failure to reach a final agreement, thereby pushing a U.S. ratification fight into the tumultuous 2016 presidential election cycle at the earliest—and raising hopes that the corporate-friendly accord could be derailed for good.

Global justice campaigners, who will now have more time to organize against the pact, were buoyed by the development, with Sujata Dey of Council of Canadians declaring on Saturday: “This stall in talks could mean the death of the deal, and a win for the public interest all over the world.” Continue reading

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Is US Trade Rep a Wall Street Crony? Groups Demand Transparency.

Public interest watchdogs say Americans deserve to know what US top trade negotiator Michael Froman ‘has been privately saying to big banks’

By Deirdre Fulton, staff writer for Common Dreams. Published May 28, 2015

US Trade Representative Michael Froman, the groups note, “received a more than $4 million golden parachute from Citigroup upon leaving the large financial institution to join the Obama administration in 2009.” (Photo: US Institute of Peace/flickr/cc)

Noting deep ties between the country’s top trade negotiator and Wall Street banks, ten groups representing millions of Americans are calling on the White House to make public all communications between U.S. Trade Representative Michael Froman and the massive financial institutions that stand to benefit from proposed trade deals.

In a letter (pdf) addressed to Froman—lead champion of President Barack Obama’s corporate-friendly trade agenda—groups including National People’s Action, Public Citizen, Friends of the Earth, and CREDO Action request “the prompt, voluntary, and proactive disclosure of all records of communication between yourself and representatives of the ten largest U.S. financial institutions—including lobbyists, employees, and trade associations—during your tenure as U.S. Trade Representative.”

Those financial institutions include JP Morgan Chase & Co., Bank of America, Wells Fargo, Goldman Sachs, and Citigroup. Continue reading

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