Chomsky points out that “the so-called free-trade agreements are not free-trade agreements. To a larger extent they’re not even trade agreements. These are investor rights agreements.” He continued:
There’s a reason why they’re kept secret from the public and as soon as you look at them you see why. They’re not secret to the corporate lawyers and lobbyists who are writing the detailed regulation – of course in the interest of their constituents. The investors are given the right to sue governments for their potentially future profits They go to private trade adjudiction groups made of largely corporate representatives. They’re already going on with NAFTA and we can expect more of them. The major trading partners already have agreements that have reduced tariffs substantially with few exceptions—not many.
Chomsky also noted that the phrase “climate change” does not appear once in these 280 pages.
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