Published on Oct 5, 2015
Why has the Obama administration kept the Trans-Pacific Partnership agreement text secret from Congress and the American people? A newly leaked TPP chapter reveals at least one huge reason: The TPP text proposes creating tribunals (courts) that could overrule the decisions of our state and federal courts, as well as our local, state and federal laws — and our state and national constitutions.
The tribunals would be presided over by arbitrators (judges) appointed by the secretary-general of the International Centre for Settlement of Investment Disputes (ICSID), an institution of the World Bank Group. The ICSID is housed at the World Bank’s headquarters complex in Washington, D.C. The ICSID receives its funding from the World Bank, and the ICSID’s governing Council is chaired by the president of the World Bank. So the proposed TPP tribunals are, in essence, a means for transferring judicial authority over vast areas of domestic law to “arbitrators” picked by the World Bank — and the central bankers and the giant commercial/investment bankers that run the World Bank.