Impacts of the TPP
Beginning February twelve countries - from North and South America, Asia and Oceania - signed the Trans-Pacific Partnership (TPP), an extensive agreement on trade and investment protection.
The TPP will bring to halt urgent reforms of energy supply or the cutback of crude oil extraction: both possible measures to reach the climate goals of the COP21. While the TPP will increase the prices for medication for millions of people, it will not touch upon the important agricultural subsidies in the US which are responsible for the dumping of world market prices of agricultural products.
The Investor-State-Dispute Settlement (ISDS) will have massive impacts, as it will grant damage claims to investors who expect lower profits due to new legal measures. This will prevent new laws for environmental protection, for the protection of people against harmful substances, for safety at work and many more. Governments, who implement these kinds of laws despite the agreement, will have to compensate billions to multinationals. Under the ISDS clause they have a "right" to make profits even if they destroy the environment, nature and livelihoods. It’s the state who will have to pay and that means the people. They will have to pay higher taxes or the states will decrease their public services as the budgets are being drained by compensations to the multinationals.
The Rosa-Luxemburg-Stiftung regional office in Mexico-city, in cooperation with the European liaison office in Brussels, invites experts and activists to analyse the impacts of the TPP on Mexico and Central America.