While our MSM glorifies the TPP as the new road to heaven instead of doing their jobs and expose why our Bankster Prime Minister thinks that secretive trade agreements with far reaching transnational Corporate powers undermining New Zealand’s sovereignty is a great idea you might want to check up on how that works out for Latin American countries already tied down with “Free” trade agreements.
Having once been on the receiving end of a five year reign of bullying with court case after court case and having lost everything as a result of that technique I know how effective and totally devastating both mentally and physically it is and if you think they are not going to subject New Zealand to the same torture because Hey, we are part of the white Anglo-Saxon race born to rule the universe you have got another thing coming!
A bloc of a dozen Latin American countries have agreed to take collective action to oppose a spate of crippling lawsuits increasingly brought by multinational corporations against the governments of developing countries for alleged violations of trade agreements.
Advocates of fair trade and stricter corporate accountability say the decision, taken last week at a ministerial summit in Ecuador, offers a significant precedent for a nascent movement by developing countries increasingly pushing back against what they view as unfair trade terms in investment treaties.
“It’s incredibly exciting that 12 countries have pulled together to look at what has become a very serious issue,” Eric LeCompte, executive director of Jubilee USA, a network of anti-poverty and anti-debt groups and a counterpart to one of the organizations that negotiated the new agreement, told Mint Press News.
“It’s not rocket science – this is about multinational corporations being able to hold countries hostage through continuous litigation, to litigate them into submission. Now, however, the space that’s being created offers ways to start to establish laws to limit this type of litigation and move to resolution.”