Corporate "Trade" Rules and the End of Sovereignty
by
On May 8th at Nike’s headquarters, President Obama denounced
opponents of the hotly contested Trans-Pacific Partnership as ill
informed. “(C)ritics warn that parts of this deal would undermine
American regulation….They’re making this stuff up. This is just not
true. No trade agreement is going to force us to change our laws.”
opponents of the hotly contested Trans-Pacific Partnership as ill
informed. “(C)ritics warn that parts of this deal would undermine
American regulation….They’re making this stuff up. This is just not
true. No trade agreement is going to force us to change our laws.”
On May 18th the World Trade Organization (WTO) issued a
final ruling in favor of Canada and Mexico in a case involving a US law
requiring country-of-origin labels on packages of beef, pork, chicken
and other kinds of meat. The WTO three judge panel estimated economic
damages of more than $3 billion. These will be meted out by Canada and
Mexico as retaliatory tariffs on a potentially wide array of U.S.
industries, from “California wines to Minnesota mattresses,” as Gerry
Ritz, Canada's Minister of Agriculture predicted.
final ruling in favor of Canada and Mexico in a case involving a US law
requiring country-of-origin labels on packages of beef, pork, chicken
and other kinds of meat. The WTO three judge panel estimated economic
damages of more than $3 billion. These will be meted out by Canada and
Mexico as retaliatory tariffs on a potentially wide array of U.S.
industries, from “California wines to Minnesota mattresses,” as Gerry
Ritz, Canada's Minister of Agriculture predicted.
Democracy will be forced to submit if the corporations have their way. (Image: Fight for the Future)
