This was posted earlier, But one big point was missed
My question, If the TPP lowers the regulations to the level set by the laxest signer.
Do our existing laws on advertising of tobacco products suddenly get bypassed.
Do our age restrictions get out dated?
Does Australia's ban on firearms ownership get bushwhacked?
It it reported that our environmental safety restrictions are in jeopardy..............
TPP is the cancer that metastasizes in mysterious ways.
msongs
(70,227 posts)mahina
(18,988 posts)the secrecy!
djean111
(14,255 posts)Tobacco major Philip Morris International is suing Uruguay for $25 million, for increasing the size of the graphic health hazard warnings on its cigarette packets. Currently, tobacco companies in Uruguay are required to cover 80% of the area of both faces with graphic warnings and 100% of one side panel with text warnings. There has been a rapid evolution of these laws. As late as May 2005, the warnings were restricted to only 100% of one side panel in the form of text messages. Philip Morris has based its lawsuit on the violation of a 1991 treaty between Uruguay and Switzerland. Although Philip Morris is headquartered in the U.S., it has an operations center in Switzerland.
This is not the first time Philip Morris is suing Governments of foreign countries over health warnings on packets. We have reported on Philip Morris brush with the Australian Government that ended badly for it (See Philip Morris Earnings Face Headwinds). The Australian High Court upheld the Governments plain packaging restrictions that prevent tobacco companies from using attractive pictures and colors on cigarette packets. Philip Morris had introduced a lawsuit challenging this regulation under a Hong Kong- Australia treaty after rearranging its assets to classify as a Hong Kong investor.
This sort of thing will, IMO, be happening more and more and more - just think - Monsanto will be able to sue anyone who refuses its seeds, corporations can sue if they feel labeling might affect their profits - here in the US, Monsanto and others spend many millions of dollars fighting labels - corporations can sue over any law or regulation that they feel affects their profits. Really great stuff, eh? No wonder Warren said that if we knew what was in the TPP, we would be outraged.
Half-Century Man
(5,279 posts)or could potentially be exported, is the new standard to which all signers of the TPP must accept or be subject to corporate lawsuits to "reclaim" lost theoretical profits.
Than Colt, Bushmaster, Taurus, Sig Sauer, Beretta, will be able to force any country to accept the lowest common denominator in regulations (background checks, mag capacities, semi or full auto) or give a company what it thinks it should have made in profit by burying said country in hand weapons.
The same with tobacco products. Indonesia and the Philippines have little or no age restrictions on cigarettes, do we want to expand that list to include California?
Let us say the Northern Mariana Islands(a Pacific Nation) signs the TPP along with the USA. Saipan has no nuclear industry, therefor no laws regulating a nuclear power plant and it waste. How long before a corporate lawyer argues that the lack of regulations in handling nuclear waste is the standard by treaty.