TPP: Expanding the monopoly rights of corporations

Photo courtesy - Wikimedia

The Trans Pacific Partnership or TTP is a trade agreement between the United States, Australia, Japan and nine other countries in the Asia-Pacific region. Last week the US Senate voted against giving President Barack Obama the power to have the agreement fast-tracked. The TPP has been controversial because of the secrecy of negotiations and the sections of the document that have been leaked have raised concerns in the United States and in Australia. It is believed the TPP will pass the Senate by the end of this week, before US Congress goes into summer recess. So, why is the partnership attracting so much opposition?

Australian Fair Trade & Investment Network

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