“Only 5 of the 30 chapters are commercial, the other 25 benefit transnationals”.

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Cambridge University and Usach Professor José Gabriel Palma explained about TPP-11 that the treaty applies indirect expropriation, which is extremely harmful to governments, like any legislation that economically affects multinationals. , such as an increase in the minimum wage above what multinationals are willing to pay, they will be entitled to compensation in a “very restrictive” way, he said.

During a conversation with the panelists of the radio program “Sin Tacos Ni Corbatas”, on Radio Usach, José Gabriel Palma, doctor in economics of the University of Oxford, explained what the transpacific agreement really consists of .

The economist, also with a doctorate in political science from the University of Sussex and a professor at FAE Usach, said that “of the 30 chapters of the treaty, only five are commercial, the remaining 25 being indirect matters which benefit the transnationals”. and the large Chilean conglomerates”.

On the nature of the treaty, Palma stressed that it is also important to clarify that it is not primarily a commercial treaty, “it is a treaty on 10 things, one of which is commercial. It’s a combo where you have to take the whole package, otherwise you’re left without him,” he said.

The Cambridge University professor argued that the commercial aspects were introduced to make “the treaty salable”, but that at its core it had another purpose, linked to the genesis of the initiative.

The academic recalled that the treaty began with an agreement between the US State Department and two American multinationals: the entertainment and pharmaceutical industries “to create a new definition of intellectual property that is very detrimental even to the creation of knowledge,” Palma said.

The Cambridge University and Usach professor explained that “the so-called indirect expropriation (of property) has been invented, which is the most damaging thing of all, which is that any government legislation, in environment or health for example, or an increase in the minimum wage which is higher than what the multinationals are willing to pay, or any measure adopted by the government which affects the profitability of the multinationals, they are entitled to compensation , and it is very restrictive”.

The original article can be found here

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