By: Derrick Broze
The controversial international trade agreement known as the Trans-Pacific Partnership may conclude by the end of this year, according to U.S. Trade Representative Michael Froman. The TPP is purported to provided thousands of new jobs for the United States by setting new rules on trade with a number of nations. However, critics of the trade deal point to the fact that the negotiations were held secretly in Lima, Peru and the Obama administration refusing to release the text of the deal, as problematic. One leaked chapter from an early draft of the agreement detailed how the TPP would grant foreign corporations the ability to appeal U.S. regulations to an international body. This international body would have the power to overturn U.S. law as well as issue fines for non-compliance to its rulings.
http://www.reuters.com/article/2013/10/08/us-asia-trade-usa-idUSBRE99703520131008
