As Water Justice points out: "The Trans-Pacific Partnership would allow corporations as Nestlé to sue the state."
NY Times -
An ambitious 12-nation trade accord pushed by President Obama would
allow foreign corporations to sue the United States government for
actions that undermine their investment “expectations” and hurt their
business, according to a classified document.
The Trans-Pacific
Partnership — a cornerstone of Mr. Obama’s remaining economic agenda —
would grant broad powers to multinational companies operating in North
America, South America and Asia. Under the accord, still under
negotiation but nearing completion, companies and investors would be
empowered to challenge regulations, rules, government actions and court
rulings — federal, state or local — before tribunals organized under the
World Bank or the United Nations.
Backers of the emerging trade
accord, which is supported by a wide variety of business groups and
favored by most Republicans, say that it is in line with previous
agreements that contain similar provisions. But critics, including many
Democrats in Congress, argue that the planned deal widens the opening
for multinationals to sue in the United States and elsewhere, giving
greater priority to protecting corporate interests than promoting free
trade and competition that benefits consumers.
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