Secret Trans-Pacific Partnership Agreement (TPP) - Investment chapter
WikiLeaks releases today the "Investment Chapter" from the secret negotiations of the TPP (Trans-Pacific Partnership)
agreement. The document adds to the previous WikiLeaks publications of the chapters for Intellectual Property Rights
(November 2013) and the Environment (January 2014).
The TPP Investment Chapter, published today, is dated 20 January 2015. The document is classified and supposed to be
kept secret for four years after the entry into force of the TPP agreement or, if no agreement is reached, for four
years from the close of the negotiations.
The TPP has developed in secret an unaccountable supranational court for multinationals to sue states. This system is a
challenge to parliamentary and judicial sovereignty. Similar tribunals have already been shown to chill the adoption of
sane environmental protection, public health and public transport policies.
Current TPP negotiation member states are the United States, Japan, Mexico, Canada, Australia, Malaysia, Chile,
Singapore, Peru, Vietnam, New Zealand and Brunei. The TPP is the largest economic treaty in history, including countries
that represent more than 40 per cent of the world´s GDP.
The Investment Chapter highlights the intent of the TPP negotiating parties, led by the United States, to increase the
power of global corporations by creating a supra-national court, or tribunal, where foreign firms can "sue" states and
obtain taxpayer compensation for "expected future profits". These investor-state dispute settlement (ISDS) tribunals are
designed to overrule the national court systems. ISDS tribunals introduce a mechanism by which multinational
corporations can force governments to pay compensation if the tribunal states that a country's laws or policies affect
the company's claimed future profits. In return, states hope that multinationals will invest more. Similar mechanisms
have already been used. For example, US tobacco company Phillip Morris used one such tribunal to sue Australia (June
2011 – ongoing) for mandating plain packaging of tobacco products on public health grounds; and by the oil giant Chevron
against Ecuador in an attempt to evade a multi-billion-dollar compensation ruling for polluting the environment. The
threat of future lawsuits chilled environmental and other legislation in Canada after it was sued by pesticide companies
in 2008/9. ISDS tribunals are often held in secret, have no appeal mechanism, do not subordinate themselves to human
rights laws or the public interest, and have few means by which other affected parties can make representations.
The TPP negotiations have been ongoing in secrecy for five years and are now in their final stages. In the United States
the Obama administration plans to "fast-track" the treaty through Congress without the ability of elected officials to
discuss or vote on individual measures. This has met growing opposition as a result of increased public scrutiny
following WikiLeaks' earlier releases of documents from the negotiations.
The TPP is set to be the forerunner to an equally secret agreement between the US and EU, the TTIP (Transatlantic Trade
and Investment Partnership).
Negotiations for the TTIP were initiated by the Obama administration in January 2013. Combined, the TPP and TTIP will
cover more than 60 per cent of global GDP. The third treaty of the same kind, also negotiated in secrecy is TISA, on
trade in services, including the financial and health sectors. It covers 50 countries, including the US and all EU
countries. WikiLeaks released the secret draft text of the TISA's financial annex in June 2014.
All these agreements on so-called “free trade” are negotiated outside the World Trade Organization's (WTO) framework.
Conspicuously absent from the countries involved in these agreements are the BRICs countries of Brazil, Russia, India