How Will the TPP Affect You?
From the Council of Canadians
On October 5, 2015, Canada, the United States, Mexico and nine other countries – together representing more than 40 per cent of the global economy – announced the conclusion of negotiations on the massive Trans-Pacific Partnership “free trade” deal.
The Council of Canadians opposes this deal because it includes an investor-state dispute settlement provision that allows transnational corporations to sue governments over legislation or policies made in the public interest, it extends the patent length (and profits) of pharmaceutical corporations by delaying the introduction of lower cost generic drugs, it slashes the domestic content requirement for automobiles, putting thousands of autoworker jobs at risks, and it undermines family farmers by opening up the Canadian dairy market to imports without creating new export markets for Canadian farmers.
The TPP could be voted on in the new Parliament early in 2016 and is expected to face a U.S. Congressional vote in the spring of 2016.
