Jim Balsillie, the businessman who helped to build Research in Motion, said the federal government should have dispatched a more sophisticated negotiating team for the deal.

Jim Balsillie, the businessman who helped to build Research in Motion, said the federal government should have dispatched a more sophisticated negotiating team for the deal.
Photo Credit: via CBC

Harsh criticism- Canadian business leader against TPP trade deal

It is perhaps the biggest international trade deal ever. For years, government negotiators from the 12 nations involved have held meetings in secret as they worked out the various aspects of the complicated deal

With some information emerging, many in Canada expressed concern over the possible effect on their businesses, not the least of which was the dairy and poultry sector, although the beef cattle and hog producers have indicated support for the deal.

After five years, the  deal involving Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. was finally agreed to just prior to Canada’s federal election in October.

However, the Stephen Harper led Conservative government  which initiated Canada’s participation in the deal was voted out of power last month to be replaced by a majority Liberal government, which has tentatively said it was in favour of the deal.

Now the details have emerged in a 6,000-page, 30-chapter volume and one of Canada’s leading hi-tech businessmen has come out with a stern warning.

The Council of Canadians outside the Delta Ottawa City Centre to draw attention to the secretive Trans-Pacific Partnership talks taking place insidein July 2014
July 2014: The Council of Canadians outside the Delta Ottawa City Centre to draw attention to the secretive Trans-Pacific Partnership talks taking place inside Details have finally been released in a 6,000 page document ©  Ben Powless

Jim Balsillie, who helped build Research in Motion as it’s co-chief executive officer says it could cost Canada billions of dollars in intellectual property rights.

He says it’s a treaty that “structures everything forever, and we can’t get out of it”, adding, “I actually think this is the worst thing that the Harper government has done for Canada.”

He says the TPP imposes U.S. intellectual property standards on Canada and the others, and would cost Canadian companies which would have to pay for someone else’s ideas rather than develop their own.  He says it also could prevent Canadian companies from growing as it appears to limit how much money they can make from their own products and services.

“I think our trade negotiators have profoundly failed Canadians and our future innovators. I really lament it.” (Jim Balsillie)

Others note the TPP also makes it easier for foreign partners in the deal to take over Canadian companies by raising the limit of investment to $1.5 billion, up from the current threshold of $600 million — before becoming subject to scrutiny from Investment Canada.

Privacy Concerns

The deal also contains clauses and side deals that worry privacy advocates such as making e-commerce easier by protecting “cross-border transfer of information … including personal information,” for business purposes. The wording  may override laws like those in some Canadian provinces that keep government information such as health data and other personal details on servers within Canada to keep people’s information safe.

Michael Geist, a University of Ottawa law professor who has raised concerns about is quoted in an article by Erin Obourn of CBC News saying,  “These are rules that create restrictions on a country’s ability to establish privacy safeguards.”

Balsillie also notes problems with the Investor-State Dispute Settlement (ISDS) clauses saying it has “iron-clad” dispute mechanisms, expressing his concern and adding “ I don’t know how we can get out of this”.

National Farmers Union- “threat to food sovereignty”

Dairy farmers are seen in early October 2015 at one of a number of protests against the Trans-Pacific Partnership trade agreement that was held in Ottawa.
Dairy farmers with cattle and spilled milk on the street are seen in early October 2015 at one of a number of protests against the Trans-Pacific Partnership trade agreement that was held in Ottawa. Critics have said the deal would create severe harm for dairy and poultry in Canada and result in the phase out of the supply management system in tten yeas © (Chris Wattie/Reuters)

In an article on its website the National Farmers Union says deals like TPP and CETA threaten food sovereignty. “These trade agreements undermine our grain, beef and pork producers by facilitating concentration in the grains industry and livestock industries, making farmers livelihoods more precarious here in Canada as well as in other countries,” said Terry Boehm, Chair of the NFU Seed and Trade Committee. “Proponents of these agreements claim farmers will prosper based on more trade, but the reality is that farm debt is increasing rapidly. With fewer farmers, and less secure farmers – what kind of food system do you end up with?”

“If ratified, the ISDS clauses in the TPP or CETA would lock in recent laws – such as the Agriculture Growth Act — that shift power away from farmers and consumers towards global agribusiness corporations,” said Ann Slater, NFU Vice President of Policy. “After ratifying a trade deal with an ISDS, governments that repeal or amend these harmful laws would risk being sued for billions of dollars by corporations in unaccountable trade tribunals – not in our own court system. By agreeing to ISDS mechanisms, Canada’s trade negotiators consented to letting a few appointed trade lawyers over-ride the democratic will of the Canadian people.”

Canada’s largest Canada’s largest private-sector union, Unifor, called on the new Liberal government to revise the provisions it says will damage key Canadian industries.

The new Liberal government has said it is committed to a full Parliamentary debate and a vote in the House of Commons, but no date has been set.

The TPP comes into effect six months after all 12 countries ratify the deal, or if it ratified by half the countries representing 85 percent of the zone’s economy.

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One comment on “Harsh criticism- Canadian business leader against TPP trade deal
  1. Gerard Breen says:

    This is one of the cornerstone throws of the dice by the North American Sayans, Elites and NWO people mostly Sayans, to control the world by selecting who dies and who goes back to penury and poverty It will create wars from time to time on a continuous basis to benefit the hidden hand of its creators, the Rothchild / Zionist Banking Cartel, aka, the Israeli Government politicians, on purpose to keep the people in fear through the usual tactic of misinformation and the PR Machine until Public Banking instead of private Banking, is brought in. I fear it will cause the death of Millions of innocent people as a pathway to greater wealth for the Elites,
    It seems that the objective is to create 4 or 5 big,. so called, trade blocks to play one against the other such as TPPA (Pacific), Europe, Asia, Middle east< Africa and isolate China and Russia and maybe India. They will crush weaker partners (everyone but the chosen few) until they have brought about sufficiently more secret agreements to achieve their objectives.
    The abundant benefits of an egalitarian society will be ignored until another example (perhaps like Mussolini) is made and then the world will be so appalled as to rise up and enforce an egalitarian society and peace will again prevail until proper eduction and distribution of wealth for all begins again.

    I predicted another holocaust 3 years ago and now look at what is happening in France recently. All because of secret Israeli greed and the Banking Cartel.