Industry powers with access to TPP plans lavish money on Congress

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http://rt.com/usa/congress-tpp-corporate-donations-802/

Industry powers with access to TPP plans lavish money on Congress
January 18, 2014 00:57

Operatives of top global corporations, which spend great amounts of cash to lobby Congress, are also part of a small group in the US outside the Obama administration that can access working plans on the controversial Trans-Pacific Partnership trade pact.

According to data analyzed by government transparency advocate MapLight, current members of Congress received around US$24 million in the last ten years from organizations represented on an exclusive industry board, created and staffed by Congress. This board has inside access - such as not even granted to members of Congress, much less the public - to the highly-secretive negotiations of the Trans-Pacific Partnership agreement, which promises to give powerful industry players more clout over global trade rights.

The United States is currently in negotiations with 11 other Pacific Rim nations on the lucrative trade pact known as theTrans-Pacific Partnership (TPP), which aims to liberalize trade among the signees. Among the contentious issues in the TPP is that the agreement stipulates new powers for multinationals that would allow them to challenge country laws in privately run international courts. Washington has endorsed such powers in previous trade deals such as the North American Free Trade Agreement (NAFTA), but conditions in the TPP could grant multinational more powers to challenge a wider range of laws. Under NAFTA several companies including Dow Chemicals and Exxon Mobil have sought to overrule regulations on fracking, oil drilling, and drug patents.

Aside from those in the Obama administration, only members of the United States Trade Representative’s advisory system, including the 18-member Industry Trade Advisory Committee on Intellectual Property Rights (ITAC-15), can freely access TPP negotiation documents on intellectual property.

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