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Wed Apr 3, 2013, 11:41 AM

Obama's EU Trade Deal Would Include New Political Powers For Corporations - HuffPo

Obama's EU Trade Deal Would Include New Political Powers For Corporations
Zach Carter & Ryan Grim - HuffPo
Posted: 04/03/2013 7:30 am EDT | Updated: 04/03/2013 9:51 am EDT

<snip>

WASHINGTON -- The Obama administration is pursuing a free trade agreement with the European Union that would grant corporations new political power to challenge an array of regulations both at home and abroad, according to an administration official involved in the negotiations.

While the plan is still in its early stages, the effort alarms consumer and environmental advocates who worry it will lead to a roll-back of important rules and put multinational companies on the same political plane as sovereign nations.

If states are unable to pass and enforce laws within their borders, it could change the nature of their community and government, nonprofit groups emphasize. Exactly how broad these corporate political powers will be is undetermined, but one aspect of the agreement, known as "investor-state dispute resolution," would allow a company to appeal a regulatory rule or law to an international court, most likely the World Bank. The international body would be given authority to impose economic sanctions against any country that violated its verdict, including the United States.

A spokesperson for the Office of the United States Trade Representative confirmed to HuffPost that the agency "will seek the inclusion of procedures for expeditious, fair and transparent investor-state dispute resolution" under a new pact with the EU, but said that the new legal framework will be "subject to appropriate safeguards and the protection of legitimate government regulatory interests."

The investor-state resolution is opposed by many public interest groups.

"These provisions elevate corporations to the level of nation states and allow them to sue governments over nearly any law or policy which reduces their future profits," said Ilana Solomon, trade specialist for the Sierra Club, an environmental protection group.

She said investor-state resolution is "terribly risky for communities, the environment, and our climate."

The U.S. Chamber of Commerce has been advocating for a new trade deal between the U.S. and EU for more than a year, and President Barack Obama endorsed the project in his 2013 State of the Union address.

<snip>

More: http://www.huffingtonpost.com/2013/04/03/eu-trade-deal_n_2994410.html




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Reply Obama's EU Trade Deal Would Include New Political Powers For Corporations - HuffPo (Original post)
WillyT Apr 2013 OP
forestpath Apr 2013 #1
WillyT Apr 2013 #8
Autumn Apr 2013 #2
woo me with science Apr 2013 #3
WillyT Apr 2013 #4
woo me with science Apr 2013 #13
moondust Apr 2013 #5
woo me with science Apr 2013 #18
L0oniX Apr 2013 #15
muriel_volestrangler Apr 2013 #6
msongs Apr 2013 #7
KoKo Apr 2013 #20
Oilwellian Apr 2013 #9
woo me with science Apr 2013 #10
woo me with science Apr 2013 #11
City Lights Apr 2013 #12
L0oniX Apr 2013 #14
WillyT Apr 2013 #16
L0oniX Apr 2013 #17
KoKo Apr 2013 #19
woo me with science Apr 2013 #21
WillyT Apr 2013 #22
woo me with science Apr 2013 #23
woo me with science Apr 2013 #24

Response to WillyT (Original post)

Wed Apr 3, 2013, 11:43 AM

1. He isn't even pretending he's on our side anymore.

 

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Response to forestpath (Reply #1)

Wed Apr 3, 2013, 02:34 PM

8. Yep...


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Response to WillyT (Original post)

Wed Apr 3, 2013, 11:46 AM

2. And the hits just keep on coming.

rec

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Response to WillyT (Original post)

Wed Apr 3, 2013, 12:27 PM

3. "Corporate political powers"

"elevate corporations to the level of nation-states..."

with profit, not human welfare, as their sole motive.


It is impossible to quantify the level of human suffering this will cause. This is our Democratic President's agenda.

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Response to woo me with science (Reply #3)

Wed Apr 3, 2013, 12:38 PM

4. I Guess This IS The New World Order... The "Investor-State"...

Paddy Chayefsky was a fucking genius...

Damn...

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Response to WillyT (Reply #4)

Wed Apr 3, 2013, 07:26 PM

13. Every day the future looks darker. Every single day there is a new one.

We are living in chilling times, not the least because there really appears to be no hope on the horizon.

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Response to woo me with science (Reply #3)

Wed Apr 3, 2013, 12:41 PM

5. Then you can bomb them!

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Response to moondust (Reply #5)

Wed Apr 3, 2013, 09:13 PM

18. No kidding.

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Response to woo me with science (Reply #3)

Wed Apr 3, 2013, 07:31 PM

15. Exxon already considers itself to be an independant country. n/t

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Response to WillyT (Original post)

Wed Apr 3, 2013, 12:47 PM

6. All developed states have "expeditious, fair and transparent investor-state dispute resolution" now

Their courts. No need for anything else.

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Response to WillyT (Original post)

Wed Apr 3, 2013, 01:15 PM

7. should have elected a democrat but there was not one running in 2012 nt

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Response to msongs (Reply #7)

Wed Apr 3, 2013, 09:19 PM

20. Nope...we thought Second Term...We were told....Second Term

...but, he hit the ground running for ....(fill in the blank) on November 5th.

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Response to WillyT (Original post)

Wed Apr 3, 2013, 02:47 PM

9. Imagine that!

K&R

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Response to WillyT (Original post)

Wed Apr 3, 2013, 04:14 PM

10. Kick. Important OP.

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Response to WillyT (Original post)

Wed Apr 3, 2013, 06:08 PM

11. kick.

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Response to WillyT (Original post)

Wed Apr 3, 2013, 06:10 PM

12. Swell. Just swell.

Fuck the people. We are irrelevant.

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Response to WillyT (Original post)

Wed Apr 3, 2013, 07:30 PM

14. Isn't it perfectly obvious that Dems need to hand over more political power to corporations? n/t




...and Q the worshippers

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Response to L0oniX (Reply #14)

Wed Apr 3, 2013, 08:46 PM

16. Yep... Notice, The Usual Defenders Ain't Here...

Wherever are they all ???



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Response to WillyT (Reply #16)

Wed Apr 3, 2013, 08:48 PM

17. Busy beating up on some innocent blogladites. n/t

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Response to WillyT (Original post)

Wed Apr 3, 2013, 09:17 PM

19. Sadly...so many folks don't want to know about this...

but a K&R!

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Response to WillyT (Original post)

Thu Apr 4, 2013, 08:33 AM

21. Kick. This is important.

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Response to woo me with science (Reply #21)

Thu Apr 4, 2013, 09:19 AM

22. Thanks woo...

I thought so as well.


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Response to WillyT (Reply #22)

Thu Apr 4, 2013, 10:16 AM

23. And again.

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Response to WillyT (Original post)

Thu Apr 4, 2013, 12:53 PM

24. kick

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