No Ordinary Deal: Unmasking the Trans-Pacific Partnership free trade agreement
Jane Kelsey (ed.)
Bridget Williams Books, 2010
Reviewed by Mike Kay, Auckland member of Workers Party and member of The Spark editorial board
This collection of essays brings together a number of different perspectives on the Trans Pacific Partnership Agreement (TPPA), a Free Trade Agreement (FTA) currently being negotiated behind closed doors between Australia, Brunei Darussalam, Chile, New Zealand, Peru, Singapore and the United States. The policy framework is still largely neo-liberal, despite that economic model’s credibility taking a knock since the Global Financial Crisis.
Recent US-brokered trade deals, such as its December 2005 agreement with Peru, contain clauses to prohibit “expropriation and measures ‘tantamount to expropriation’, with the exception of a ‘public purpose’ (which carries a right to full compensation), and provides investors with due process protection and the right to receive a fair market value for property in the event of expropriation.” (p.74) This could have far-reaching consequences for any future socialist or progressive government.
But will the TPPA lead to a more liberal immigration policy with respect to the US’s TPP partners? Lori Wallach and Todd Tucker comment: “on a bipartisan basis, leaders of the congressional committee that sets immigration policy… have repeatedly insisted that no future trade pacts provisions may contain visa or other immigration policies. A TPPA with immigration provision would be dead on arrival in Congress.” (p.67) Read the rest of this entry »