Global Day of Action Against the TPPA
8 November 2014 is the global day of action against the Trans-Pacific Partnership Agreement (TPPA). Find out what is happening in your area and get involved. The TPPA is an enormous threat and needs stopping.
The NZ government is negotiating an international agreement that could have a huge effect on the lives of ordinary people. It’s called the Trans-Pacific Partnership Agreement (TPPA), and it involves eleven Asian and Pacific-rim countries, including the United States. If it goes ahead, NZ risks damage to its economy, its pristine environment, its health, and the ability for NZ to shape its own future.
Secret Negotiations and No Public Access
Because the negotiations are being conducted in secret, what we know about the TPPA comes from leaked documents and detective work. This is not acceptable. We live in a democracy, which means we have the right to know what is done in our name and to have a say.
So what’s troubling about the TPPA?
- Big overseas companies will be able to sue the New Zealand government for millions in damages in secretive offshore tribunals, claiming that new laws and regulations (for example, a ban on fracking, smoking control laws, or a cap on electricity prices) have seriously undermined the value of their investments.
- Most restrictions on foreign investment will be frozen and rolled back even further.
- Medicines will become more expensive as big pharmaceutical companies gain more influence over PHARMAC, and restrictions are placed on generic medicines. Copyright laws will be toughened and more harshly enforced, restricting internet freedom and access to information, costing libraries, schools, and businesses, and stifling innovation.
- Parallel importing will be banned, meaning that New Zealanders, especially the poor, will have to pay far more for all sorts of ordinary products.
- Foreign banks, insurance companies and money traders will gain more powers to challenge laws designed to prevent another financial crisis; and overseas property dealers could contest moves to burst the property bubble, such as a capital gains tax.
There are plenty of other things to be concerned about, and you can read about them on It's Our Future.