TPP Investment Map: New Privileges for 30,000 Companies?
The Trans-Pacific Partnership (TPP) threatens so much of what we hold dear — this secret agreement will censor our Internet, send jobs overseas, undermine environmental regulations, and remove our most basic democratic rights.
Under previous presidential administrations, the United States signed a number of free trade agreements (FTAs) that grant foreign corporations extraordinary rights and protections beyond the rights of domestic companies. A little-known FTA mechanism called “investor-state” enforcement allows foreign firms to skirt domestic court systems and directly sue governments for cash damages (our tax dollars) over alleged violations of their new rights before UN and World Bank tribunals staffed by private sector attorneys who rotate between serving as “judges” and bringing cases for corporations. Using this extreme system, corporations have sued the U.S. government in foreign trade tribunals for enacting laws or regulations that “interfered” with the corporations’ expected profits. This “interference” has included essential environmental regulations, health laws, and domestic court decisions. These cases are not just threats to domestic U.S. policies. U.S. corporations have also used FTAs to attack public interest laws abroad.
If a corporation wins its private enforcement case, the taxpayers of the “losing” country must foot the bill. Over $380 million in compensation has already been paid out to corporations in a series of investor-state cases under U.S. FTAs. Of the nearly $14 billion in the 18 pending claims under U.S. FTAs, all relate to environmental, energy, public health, land use and transportation policies – not traditional trade issues.
The Obama administration is currently negotiating a sweeping new FTA called the Trans-Pacific Partnership (TPP) with Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam — the first FTA negotiated by the Obama administration. Despite Obama’s many campaign promises to scale down investor-state enforcement in trade agreements, the leaked investment chapter of the TPP reveals that the Obama administration intends to expand even further the extreme investor-state model of past FTAs. If passed, the TPP would grant thousands of corporations these extraordinary rights to sue governments over public interest policies for taxpayer compensation.
Below are the maps of the locations of multinational corporations that would get these new rights if Congress would pass the TPP. More than 6,000 corporations with nearly 30,000 corporate affiliates would be able to use these rights, including over 300 financial services companies that could challenge essential financial sector regulations through investor-state provisions. These corporations could challenge the local zoning and environmental laws of your community, so zoom in using the “+” button to see which corporations are in your city. Click on the dots to see the names of the corporations and their industry. The color of the marker indicates the country of the parent company. The red lines on the map are the borders of the districts of the U.S. House of Representatives. Click here for a full list of companies based in TPP countries that operate in the United States, sorted by congressional district.
[read the rest (and see the interactive graphic) here]