Pocan: Release of Trans-Pacific Partnership Text Confirms Our Fears About Trade Deal
Washington, D.C - U.S. Rep. Mark Pocan (D-WI) provided the following statement after the Administration released the text of the Trans-Pacific Partnership at 4:00am today:
“The release of the Trans-Pacific Partnership text confirms our fears about how bad this trade deal will be for American workers. This deal, which encompasses 40 percent of the global economy, will send more American jobs overseas and lower wages. Our workers will now have to directly compete with workers making pocket change in countries like Vietnam. We should not be surprised that a trade deal negotiated in secret by 600 corporate advisors gives huge sweetheart deals to multinational corporations while producing disastrous results for the middle class.
“Not only would this deal ship jobs overseas, destroying our communities and local economies in the process, but the deal will also have a widespread effect on issues ranging from drug prices to environmental protections to food safety. It will also almost double the number of corporations with access to special non-judicial courts to challenge state and local laws. In the end the TPP was worse than we thought it would be.”