Tag Archives: trade agreements

“Is There No End to Big Oil’s Evil?” Campaigners Condemn Industry Plan to Pour US Plastics Into Africa

Anti-pollution advocates responded with alarm to the American Chemistry Council’s reported efforts to influence a pending U.S.-Kenya trade deal.

By Jessica Corbett, staff writer for Common Dreams. Published 8-31-2020

The Dandora dumpsite, Kenya. Photo: Mike Sonko/Facebook

Green groups responded with alarm to Sunday reporting by the New York Times and Unearthed that a U.S.-based trade group for major chemical and fossil fuel companies has lobbied the Trump administration during the Covid-19 pandemic to use a forthcoming trade agreement to flood the African continent with plastics.

U.S. Trade Representative Robert Lighthizer and Kenya Cabinet Secretary for Industrialization, Trade, and Enterprise Development Betty Maina launched trade negotiations in July. The new reports shed light on the lobbying efforts of the American Chemistry Council (ACC), whose members include the petrochemical operations of the oil giants Chevron, ExxonMobil, and Shell as well as chemical companies such as Dow and DuPont. Continue reading

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‘Ticking Time Bomb’: Corporate Lawyers Openly Discussing Suing Nations Over Profits Lost to Covid-19 Measures

“It’s so unbelievably shocking to see corporate lawyers actively discussing having foreign investors use ISDS to challenge countries over their coronavirus lockdown measures, and try to extract ‘expected future profits’ from them.”

By Jake Johnson, staff writer for Common Dreams. Published 5-20-2020

Lidia Senra speaking against ISDS in the European Parliament in February 2019. Photo: Lidia Senra/Twitter

Prominent corporate law firms representing major businesses in the United States, Italy, Spain, and other nations are openly discussing the possibility of companies using a secretive and notorious legal process to sue countries over future profits lost due to government efforts to combat the coronavirus pandemic.

On Monday, the non-profit research group Corporate Europe Observatory (CEO) documented numerous examples of high-powered corporate law firms—including Ropes & Gray, Alston & Bird, and Quinn Emanuel Urquhart & Sullivan—publicly licking their chops over the lucrative opportunity presented by the Covid-19 crisis and government attempts to fight it. Continue reading

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US-China trade pact President Trump just signed fails to resolve 3 fundamental issues

President Donald Trump shakes hands with Chinese Vice Premier Liu He after signing the trade agreement. AP Photo/Evan Vucci

Penelope B. Prime, Georgia State University

U.S. President Donald Trump signed a trade deal with China on Jan. 15 intended as a first phase toward a more comprehensive agreement between the two countries.

In exchange for some tariff relief, China promised to buy an additional US$200 billion in American goods and services over the next two years and make structural reforms that would provide more protection for U.S. intellectual property. It still leaves about $360 billion in punitive tariffs on Chinese imports in place – and more sanctions would be triggered if China fails to meet the terms of the deal. Continue reading

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‘Their Secret Agenda Today Is Exposed’: Corbyn Says Leaked Trade Docs Show Tory Plan to Privatize NHS With Trump’s Help

The U.K. Labour leader said the move, if successful, “could lead to runaway privatization of our health service.”

By Jake Johnson, staff writer for Common Dreams. Published 11-27-2019

U.K. Labour Leader Jeremy Corbyn holds redacted copies of the Department for International Trade’s U.K.-U.S. Trade and Investment Working Group report following a speech about the National Health Service in Westminster, London. Photo: Devutopia/Twitter

U.K. Labour leader Jeremy Corbyn on Wednesday unveiled over 450 pages of leaked documents that he said expose British Prime Minister Boris Johnson’s effort to open up the National Health Service to corporate exploitation in trade negotiations with U.S. President Donald Trump.

During a press conference, Corbyn said the Trump administration’s negotiators are “demanding” that the NHS be put “on the table” in talks over a possible post-Brexit trade pact between the U.S. and U.K. Continue reading

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Here We Go Again: Why the Trans-Pacific Partnership Won’t Fix Anything

Current trade agreements are great at creating more billionaires, not so much at protecting the interests of workers.

By . Published 4-13-2018 by YES! Magazine

 

On Thursday, President Trump flipped his position on the Trans-Pacific Partnership trade agreement, suggesting the U.S. might want to rejoin the pact. His announcement sent Wall Street indices shooting upward in jubilation and angered labor leaders. It left China—which has been sorting out how to respond to Trump’s announced steel and aluminum tariffs—even more bewildered as criticism grows of its “Made in China 2025” initiative to dominate the high-technology sector.

Trump’s about-face is especially striking given that exiting the TPP was a crucial plank in his economic agenda on the campaign trail and one of his first acts as president. That pledge played well to the frustrations of people who know the global economy is ripping them off and are understandably angry. Continue reading

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Confirming He ‘Does Not Give a Crap About Working People,’ Trump Proposes Rejoining TPP

“In a series of broken promises Trump made to the working people of this country, rejoining the job-killing Trans-Pacific Partnership would be the biggest yet,” warned Sen. Bernie Sanders

By Jake Johnson, staff writer for CommonDreams. Published 4-12-2018

Photo: End the Illusion

As if his enormous tax cuts for the rich, attacks on the safety net, and efforts to help bosses steal their employees’ tips weren’t proof enough, President Donald Trump further demonstrated that he “does not give a crap about working people” on Thursday by telling lawmakers he is considering rejoining the Trans-Pacific Partnership (TPP), a trade pact he withdrew from last year and repeatedly derided as “terrible.”

In a statement responding to the news that Trump has directed his top economic adviser Larry Kudlow and Trade Representative Robert Lighthizer to examine options for reentering the 11-nation accord, Lori Wallach of Public Citizen argued that the president’s move “could bring short term joy to Democratic campaign operatives” but would be yet another signal that Trump “cannot be trusted on anything.” Continue reading

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As CETA Rises from Ashes, Campaigners Vow: ‘The More You Insist, the More We Resist’

Belgium delegates reached 11th-hour consensus, which grants the Court of Justice of the European Union the ability to rule on final inclusion of ISDS

By Lauren McCauley, staff writer for Common Dreams. Published 10-27-2016

Campaigners protested the Canada-European Union trade agreement outside the European Commission on Thursday. (Photo via Corporate Europe/Twitter)

Campaigners protested the Canada-European Union trade agreement outside the European Commission on Thursday. (Photo via Corporate Europe/Twitter)

The controversial Canada-European Union trade agreement that many declared “dead” now appears to be rising from the ashes, as officials announced Thursday that they have reached a last-minute consensus.

Earlier this week, trade delegates from the Belgian region of Wallonia rejected the Comprehensive Economic & Trade Agreement (CETA) out of concern that certain provisions, particularly the Investor State Dispute Settlement (ISDS) system, inflate the power of multinational corporations and undermine standards protecting labor, the environment, and consumers. Continue reading

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TTIP Has ‘De Facto Failed,’ Says German Economic Minister

‘Negotiations with the U.S. have de facto failed, because of course as Europeans we couldn’t allow ourselves to submit to American demands’

By Nika Knight, staff writer for Common Dreams. Published 8-28-2016

"Everything has stalled," German Vice Chancellor and Economic Minister Sigmar Gabriel said. (Photo: Garry Knight/flickr/cc)

“Everything has stalled,” German Vice Chancellor and Economic Minister Sigmar Gabriel said. (Photo: Garry Knight/flickr/cc)

Germany’s Vice Chancellor and Economic Minister said that the controversial Trans-Atlantic Trade and Investment Partnership (TTIP) has “de facto failed,” admitting that negotiations between the U.S. and E.U. have completely stalled.

“Negotiations with the U.S. have de facto failed, because of course as Europeans we couldn’t allow ourselves to submit to American demands,” Sigmar Gabriel told the German news station ZDF in an interview that will air at 7pm German time Sunday, according to Der Spiegel. Continue reading

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US Government’s Own Report Shows Toxic TPP “Not Worth Passing”

‘This report indicates the TPP will produce almost no benefits, but inflict real harm on so many workers.’

By Deirdre Fulton, staff writer for Common Dreams. Published 5-19-2016

"This report validates that the TPP is not worth passing," said United Steelworkers (USW) International president Leo W. Gerard. (Photo: SumOfUs/cc/flickr)

“This report validates that the TPP is not worth passing,” said United Steelworkers (USW) International president Leo W. Gerard. (Photo: SumOfUs/cc/flickr)

The government’s own assessment of the toxic Trans Pacific Partnership (TPP) shows that the controversial trade deal will produce negligible economic benefits while damaging most Americans’ jobs and wages.

The U.S. International Trade Commission’s (ITC) report (pdf), issued Wednesday, shows that the TPP “would likely have only a small positive effect on U.S. growth,” Reuters reported. Continue reading

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‘Today Marks the End of TTIP’: Greenpeace Leak Exposes Corporate Takeover

The secret documents represent roughly two-thirds of the latest negotiating text, and in several cases expose for the first time the position of the U.S.

By Deirdre Fulton, staff writer for Common Dreams. Published 5-2-2016

WikiLeaks had previously announced a €100,000 "bounty" for the full TTIP text. (Image: Greenpeace)

WikiLeaks had previously announced a €100,000 “bounty” for the full TTIP text. (Image: Greenpeace)

Confirming that the TransAtlantic Trade and Investment Partnership (TTIP) amounts to “a huge transfer of power from people to big business,” Greenpeace Netherlands on Monday leaked 248 secret pages of the controversial trade deal between the U.S. and EU, exposing how environmental regulations, climate protections, and consumer rights are being “bartered away behind closed doors.”

The documents represent roughly two-thirds of the latest negotiating text, according to Greenpeace, and on some topics offer for the first time the position of the United States.  Continue reading

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