12:22 GMT12 May 2021
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    The controversial Trans-Pacific Partnership (TPP) trade deal prioritizes corporate profits over human life and the environment, a US advocacy group representative told Sputnik on Tuesday.

    MOSCO (Sputnik), Anastasia Levchenko – The 12 parties to the controversial Pacific Rim trade pact agreed on its wording and subject matter on October 5. Signatories to the TPP, which aims to deregulate trade between 40 percent of the world economy, include the United States, Australia, Canada and Japan, among others.

    "This is an attempt to attribute a price to the intrinsic value of human life, living things and nature itself," Friends of the Earth US senior analyst William Waren said of the cost-benefit analyses of environmental and health regulations outlined in the deal.

    Waren said the TPP investment chapter allows firms to sue governments for damages if their future projected profits are hampered by climate, environmental or public health regulations. Other chapters would "stymie" food safety regulations, as well as regulations on chemicals with links to breast cancer, autism and infertility.

    The trade analyst, who examined the full TPP text published by the New Zealand Foreign Ministry last week, further argues that the extension of the patent protections enjoyed by big pharmaceutical companies for their prescription drugs in the pact’s intellectual chapter would effectively "reinforce monopoly pricing power and impose heavy costs on consumers."

    "Especially in developing countries, it would effectively deny access to life-saving medicines to millions of families," Waren stressed.

    The TPP will be addressed at the upcoming climate conference in France, he added.

    A comprehensive agreement on ways to reduce greenhouse gas emissions to address global warming is expected to be reached at the 21st UN Climate Change Conference (COP 21) in Le Bourget, which will run November 30-December 11.

    Waren linked the US’ anticipated contribution to global warming with the anticipated passing of the TPP, whose stated goal is to liberalize trade among the 12 Pacific Rim countries, which together account for about 40 percent of the world’s economy.

    "The TPP would significantly expand US exports of dirty energy products such as oil, coal, and liquefied natural gas. This would greatly accelerate climate change," Waren stressed.

    Related:

    Five Reasons Why TPP Ought to Have You Worried
    No Evidence TPP to Create More Jobs
    Tags:
    trade deal, Trans-Pacific Partnership (TPP), Pacific Rim, US
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