Obama said TTIP and TPP will allow “United States to set the rules of international trade.” At the same time, his administration hid the rules from members of US Congress. So, who was setting the rules? Certainly not his administration. Transnational companies, not necessarily American ones, were writing the rules. Somehow, America was writing the rules while its elected representatives had no say in it. All the pre-draft negotiations were conducted in secret.
The US-led treaties did not include China. China for its part had started RCEP. Despite that, all of these treaties had the same goals:
- Wholesale elimination/reduction of import duties over and above what WTO 1.0 required.
- Enriching transnational companies.
- Usurpation of the jurisdiction of courts and national legislatures.
- Tax-payer funded payouts from national budgets to aggrieved MNCs decided by arbitration courts.
Decades of free trade with China has destroyed vast swathes of manufacturing in the industrialized world.
This was going to be taken further with these so-called regional treaties. Some exclusivity was added to make it appear alluring like forbidden fruit.
After MNCs have covered various regions of the world with such treaties, WTO secretariat can be expected ask the regions to stop fighting with each other and come together again under a common WTO 2.0 framework. This is how it is going to be, I bet.
With WTO 1.0, the GATT negotiations took decades to get all countries on board. For WTO 2.0, they are taking chunks out of the whole and getting it passed by different groups.
Ultimately, everything will fit into place. At least that’s what they hoped for. Unfortunately, Trump has withdrawn the US from TTIP & TPP.
But this is a longterm project. It will in all likelihood outlast Trump. These internationalists are like cockroaches.
Of course, our economies will be totally destroyed before WTO 2.0 comes into place. Our parliaments and courts will be unable to help us. MNCs will have set up leins on tax revenues.
WTO 2.0 would then be offered as the solution of the problem it helped created. This is a tried-and-tested technique of the globalists. The solution is the problem and vice-versa.
In India, there has been no awareness of TTIP, TTP or RCEP. Ministry of Commerce is conducting negotiations with other RCEP members. They realize the dangers of free trade with China but are unlikely exit the grouping because of pressure from PMO. Modi, the traitor, is all for RCEP.
Nobody in the Parliament is opposing it. No party has taken a position against it. When the deal is signed, the media will read about it in Wikipedia and blabber something as if they knew about it all along.