TPP signing sparks dozens of protests across US over biggest trade pactOver 35 protests were organized in US cities to mark opposition to the signing of the Trans-Pacific Partnership, a huge international trade deal between 12 Pacific Rim nations representing 40 percent of the global economy.
Protesters with the Stop Fast Track coalition rallied outside the White House in Lafayette Park on Wednesday to expose the consequences of the TPP and encourage people to join the campaign. Protesters held aloft a huge yellow banner that read, “TPP equals Betrayal.”
Lori Wallach: Signing of TPP Marks Only Beginning of the Fight, Trade Deal Could Still Be Stopped | Democracy Now!The TPP includes the new monopoly rights for big pharmaceutical companies that would raise medicine prices. In the developing country members of TPP, that could be a death sentence. For people in the U.S., it’s going to mean higher prices. And there are even provisions that would allow the pharmaceutical firms to challenge decisions by Medicare and Medicaid vis-à-vis what kinds of medicines they’ll reimburse. They try and focus on generics to keep the price down.
The TPP would flood us with more imported unsafe food. For instance, it includes Malaysia and Vietnam. They send us a lot of shrimp and other seafood. Right now, a large percentage of it, that is inspected, gets rejected for a lot of different dangerous things. But under the TPP, those inspections could be challenged as an "illegal trade barrier."
The more I hear about this trade deal the less I like it. I hope congress throws it in the trash can. These trade deals always seem to hurt us more than help and from what I have read about this one it gives us even less protections that past ones have.