New Leaked TPP Agreement Documents Show Obama Administration's Influence Over Issues Of IP And Bank Bailouts

| by Will Hagle

The latest in political documents to be illegally released by Wikileaks are in regards to the Trans-Pacific Partnership (TPP), the international trade agreement governing global intellectual property legislation. The Obama administration has been having talks and negotiating deals with 11 other countries behind closed doors while attempting to reach an agreement on a deal. The other countries involved in the TPP agreement talks include Canada, Japan, Mexico, New Zealand, Australia, Brunei, Chile, Malaysia, Peru, Singapore and Vietnam. 

Wikileaks recently made public two documents regarding of the treaty, each of which were composed during negotiations that occurred in Salt Lake City during November. According to the documents, the United States has been utilizing its power and global influence in order to encourage other countries to sign the deal, exerting “great pressure to close as many subjects” as possible during the meeting. 

Several names and other bits of information are redacted from the documents, but they still demonstrate the wide-reaching scope of the international talks. 

PC World reports that economist, Nobel Prize winner and Columbia University professor Joseph Stiglitz wrote an open letter to negotiators suggesting that they rethink the policies proposed in the documents regarding the restriction of intellectual property rights for consumers and other individuals. 

Stiglitz claimed that the agreement would make the issue of intellectual property difficult to change across the 12 countries if it is, indeed, reached. 

“The TPP proposes to freeze into a binding trade agreement many of the worst features of the worst laws in the TPP countries, making needed reforms extremely difficult if not impossible,” Stiglitz wrote. 

According to the Huffington Post, the Obama administrations is also attempting to blockade provisions outlined in the TPP that would “curtail the use of ‘capital controls’ by foreign governments,” which include the governmental ability to bail out banks during economic crises. Although the agreement talks concern all citizens and members of the government at nearly all levels, Congress as well as individuals are banned from discussing the issues, as only the negotiators of the agreement have access to it.