Critical voices on the TPP from Malaysia and Canada
6 December, 2017: Professor Jomo Kwame Sundaram, a former UN Assistant Secretary-General and co-author of this critical study measuring the employment costs of the original TPP, has written an article debunking some of the main myths about the newly named Comprehensive Progressive Agreement for Trans-Pacific Partnership (CPTTP). He explains that the deal is about the promotion of corporate-friendly rules for foreign investors (like ISDS), rather than trade gains. Strengthening intellectual property monopolies for transnational corporations would ‘undoubtedly’ increase prices, not generate more goods and services.
Australia and Japan are doing their best to clinch the deal as quickly as possible, with minimal changes. But Canada has flagged further changes on cultural issues, and former IP company CEO Jim Basili has said Canada must protect its national interests on both the PCTPP and NAFTA, and that ‘no deal is better than a bad deal.’
Another recent article, by Dr Shankaran Nambiar in the Sun Daily, explains the position of the Malaysian government towards the CPTPP and argues that ‘even when dealing with the powerful, there is absolutely no need to be in agreement when circumstances do not suit us.’