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August 11, 2010

New Sierra Club / Public Citizen Report on Fixes to Investment in the TPP

Earlier this week, the Sierra Club, Public Citizen, Institute for Policy Studies, Friends of the Earth and Earthjustice released a new report entitled: "Investment Rules in Trade Agreements: Top 10 Changes to Build a Pro-Labor, Pro-Community and Pro-Environment Trans-Pacific Partnership." You can get a copy right here.

This builds on some of the work done by the various organizations and the Model BIT Subcommittee. The core of the message is simple: trade deals can help lift living standards when public-interest rules aren't being undermined in the process. Obama can make this a reality if he ditches Bush's plans for the TPP, and instead uses the TPP to deliver on his fair-trade campaign promises.

The report also includes particularly detailed remedies to problems like:

  • How do we ensure that foreign investors aren't given greater rights than domestic investors?
  • How do we ensure that Chinese and German companies don't falsely claim nationality from other countries?
  • How do we ensure that investors actually invest and create jobs before having access to special rights under the TPP?
  • How can we safeguard financial transaction taxes from trade-pact challenge?
  • And much much more...

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