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by patmcguire 4633 days ago
'Under the TPP, if a company believes an Australian law endangers its “expected future profits,” it can challenge the government at an investor-state tribunal. This tribunal has the power to overrule Australian laws and levy fines against the Australian state.'

If true that's nuts. Even the WTO only lets you do tit-for-tat.

2 comments

Up to this time, I believe the Aust. govt has refused to endorse this clause. Now that the new Foreign Minister is involved, who knows. I'm not optimistic on this or on copyright extensions. I think we will be sold these under the banner of "being necessary to complete the TPP for the greater good".
The idea of TPP is to extend the stalled WTO process by multilateral treaty. So you can expect it to go further in many ways. We just don't know what most of them are due to the secrecy...