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Hillary Clinton agrees with Elizabeth Warren on trade dispute with Obama

Hillary Clinton is opposed to a critical piece of the Obama administration’s Trans-Pacific Partnership, which would give corporations the right to sue sovereign nations over laws or regulations that could potentially curb their profits.

Clinton writes in her book ‘Hard Choices’:

We should avoid some of the provisions sought by business interests, including our own, like giving them or their investors the power to sue foreign governments to weaken their environmental and public health rules, as Philip Morris is already trying to do in Australia. The United States should be advocating a level and fair playing field, not special favors.

Obama’s TPP deal would be enforced by a process known as “investor-state dispute settlement,” which allows foreign companies to attack domestic laws or regulations before an international tribunal if they believe those rules unfairly curb investment returns. Those tribunals can’t directly overturn laws, but they can impose hefty fines on the countries they rule against.

More at the Huffington Post

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