- Costs Jobs: Trade policies adopted under Fast Track have cost us more than 1 million jobs and contributed to the shuttering of more than 60,000 factories.
- Benefits the 1%: Fast Track ensures that trade policies are made by and for multinational corporations and the wealthy, making income distribution even more unequal and making it harder to get a raise.
- Undermines Democracy: Fast Track doesn’t allow adequate public scrutiny of trade deals while they are being negotiated, and permits only a simple up-or-down vote—no amendments.
- Gives Power to Corporate Lobbyists: Fast-tracked trade deals almost always include rights and privileges to foreign investors that our home-grown businesses don’t even have.
- Prevents Amendments: Fast Track doesn’t allow our representatives to amend trade deals, no matter how problematic some provisions might be.
- Permits Foreign Currency Manipulation: Current Fast Track legislation doesn’t require trade agreements to contain adequate provisions addressing currency manipulation.
- Neglects Jobs: The current Fast Track legislation doesn’t include negotiating objectives on job creation, reducing the trade deficit or protecting “Buy American” policies.
- Lowers Access to Medicines: The current Fast Track legislation includes objectives that would interfere with the ability of governments to ensure the provision of affordable, life-saving medicines.
- Hurts the Environment: Previous trade deals negotiated under Fast Track have weakened environmental protections.
- Offshores Jobs: Current Fast Track legislation promotes U.S. participation in “global value chains,” which is shorthand for offshoring production to places with weak labor and environmental laws and enforcement.
Take Action! Text TPP to 877877 or call 888-706-4535 and tell Congress to stop the Fast Track authority of the TransPacific Partnership.