The Asian trade deal includes an international tribunal that may trump US Sovereignty.
Now what could possibly go wrong with this? I mean, having us submit to an international body that could ruin any American-based business it chooses… there’s no envy in the world against America… And besides: Imagine how many of those people will be connected to governments that donated to the Clinton Foundation, and would have a perhaps inordinate amount of influence with our next President!
From the Washington Examiner: “New trade warning: International ‘tribunal’ could junk U.S. laws to help foreign firms.”
An Asian trade deal being negotiated in secret by the administration would let an international tribunal overrule state and federal laws to help foreign firms, a new issue congressional and legal opponents are raising in hopes of slowing the race for passage.
“It is really worrisome,” said top House Ways and Means Committee Democrat Rep. Sandy Levin. “Countries do not want to give away their jurisdiction away to some arbitrary panel,” he added.
At issue is the pending Trans-Pacific Partnership treaty and a provision called “Investor-State Dispute Settlement,” or ISDS, that would let foreign firms challenge U.S. laws, potentially overruling those laws and resulting in fines to be paid by taxpayers. The provisions are becoming common in some trade deals between other nations.
Levin, a Michigan Democrat, said that the White House has dismissed the fears, claiming that the country normally wins legal trade disputes. But he noted how a U.S. cigarette maker is challenging Uruguay and Australia packaging rules because the laws challenge trade treaty language that bars legislation that could damage profits.
“ISDS is a real issue,” said Levin.
Yessirree… we love them secretly-written laws no one gets to see till we pass it.
Well, no one gets to see it except the crony-capitalists and little tyrants involved in writing it… and they’re undoubtedly good, fair people. That’s why you need to hide things, right?… because you’re fair… honest… sincere… looking out for the best of others… of course.