Amsterdam, 24 January 2018: Friends of the Earth International has warned that the Trans-Pacific Partnership (TPP) trade deal could threaten people and planet if signed and ratified by national parliaments in March this year.
The remarks came as Canadian Prime Minister Justin Trudeau, the Australian Trade Minister and other leaders meeting at the World Economic Forum in Davos (23-26 January) celebrated the conclusion of the deal between 11 countries countries in Asia-Pacific.
Sam Cossar-Gilbert, Friends of the Earth International trade campaigner, said:
“It is no wonder the corporate elite at Davos are celebrating this zombie TPP deal. It enables foreign companies to sue governments in secret trade tribunals for almost any measure that harms their expected profits.”
The topic of this year’s World Economic Forum “Creating a shared future in a fractured world”.
“The TPP threatens ‘our fractured world’ and the UN Sustainable Development Goals by undermining regulation on food safety, access to medicine, chemical use and climate change. Sadly, world leaders at Davos remain addicted to failed neoliberal policies. When leaders and trade officials leave the comfort of the Davos ski resort, environmentalists, trade unions and farmers will be there to stop the zombie TPP deal and other corporate trade deals.”
- Report (pdf): Dangerous liaisons: The new trade trio. How the US and the EU are using TTIP, TPP and TiSA to outmanoeuvre other WTO members (Friends of the Earth International, 2016)
- Neoliberalism: A form of free market fundamentalism that has been the dominant global economic ideology for the last 30 years which profit and “efficiency” are the central goals of society. It is a framework focused on reducing the role of the state and taxation, while promoting privatization, deregulation and corporate trade deals. According to Friends of the Earth International, this has led to soaring inequality, whereby just 8 people have the same wealth as half the world’s population and an environmental crisis in the form of unprecedented species loss and dangerous climate change.