Full Text of TPP Released to Public

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TPP - giant sucking sound on steroids...



Full Text of TPP Released to Public... And It's Horrible

'We now have concrete evidence that the TransPacific Partnership threatens
our families, our communities, and our environment.'​

by
Jon Queally, staff writer

It's a disaster for people, the planet, democracy, and the future of the global economy.

That was the immediate assessment of informed critics as world governments, including the United States, on Thursday morning made the full text of the controversial TransPacific Partnership Agreement (TPP) available to the public for the first time.

Though a tightly held secret throughout the years-long negotiating process, publication of the entire text (available online here) confirms the deal's many woeful inadequacies which had been gleaned from leaked drafts and public statements by those privy to its contents.

"The TPP is a disaster for jobs, and environment and our democracy. It is the latest stage in the corporate capture of our society," said Nick Dearden, executive director of Global Justice Now, in response to the full text.

The enormous so-called "free trade" deal between 12 Pacific Rim nations, he continued, "has less to do with selling more goods, than with rewriting the rules of the global economy is favor of big business. Like the North American Free Trade Agreement (NAFTA), 20 years ago, it will be very good for the very richest, and a disaster for everything and everyone else. NAFTA entrenched inequality and caused massive job losses in the USA, and TPP is turbo-charged NAFTA."



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[eagle1462010]

bump

 

[ScienceRocks]

It sucks ass.

 

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It sucks ass.

TPP – Competitive Disadvantage(s)
October 20, 2015
By VATinfo

Republicans love -
"All even, except in the case of the US..." middle class.

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According to the Congressional Research Service, in 2012 total U.S. exports to TPP countries amounted to $650 billion. Total imports from TPP countries amounted to $800 billion. Of that import total, 40% was from Canada, which operates with an average 13% GST (value added tax). The VAT – being border adjustable – is subtracted from exports, which means the $316.5 billion in goods imported from Canada would cost $41 billion dollars more within Canada.

This is not a Canadian subsidy. Rather, GATT rules (General Agreement on Tariffs and Trade of the World Trade Commission) respect the subtraction of VAT from exports to eliminate the burden of the cost of government from the price/value relationship of goods shipping to another country. The importing country would add its own VAT (cost of government). Therefore, the imported goods would be on an equal footing with goods produced in the importing country since the VAT is charged on domestic production.

All even, except in the case of the U.S., which does not employ its own VAT. Imports to the U.S. from TPP countries arrive with a competitive price advantage to the exporting country…

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