The UK is not on the Pacific rim – but it could soon be…

The USA and countries on the Pacific rim are negotiating a new trade agreement under conditions of great secrecy. The Trans-Pacific Partnership (TPP) seems to favour trade interests above those of national governments. There are numerous problems with the intent of the TPP from giving up democratic rights to a non-democratic body to lowering sustainability standards. It will, in effect, be like those state-investor agreements under which governments agree to compensate companies if improved environmental or social regulation hurts their profits – but on a larger scale.

And while the public is excluded from the negotiations, companies are probably at the table. According to the Guardian “The top executives at General Electric, Goldman Sachs, and Pfizer probably all have drafts of the relevant sections of the TPP. However, the members of the relevant [US] congressional committees have not yet been told what is being negotiated.”

But what has the fate of Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam and the USA got to do with the UK?  (Apart from the injustice.) Well it seems that the TPP is intended to be open to any country to sign up to, including the UK.

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