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Our Failed Trade Policies Are Not Creating Jobs at Home

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Pearl Korn
(image by Huffington Post)
While the ugly and rancorous "fiscal cliff" battle has been playing out in Washington, another negotiation equally critical for America was also being conducted, this one behind closed doors far across the ocean: the impending Trans-Pacific Partnership trade agreement ("TPP"), also known as "NAFTA on steroids." The finalizing of this agreement between 11 nations -- the U.S., Australia, Brunei, Canada, Chile, Mexico, New Zealand, Peru, Singapore, Malaysia and Vietnam (Japan and China may join later) -- has been delayed until spring 2013, thanks in part to Public Citizen leading an international outcry through their Global Trade Watch unit, which has been headed by director Lori Wallach since 1995.
...the TPP is a plan to create "extra-judicial 'investor-state' tribunals," which would "... limit how signatory countries may regulate foreign firms operating within their boundaries...

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