Free trade’ has come to mean powerful interests get whatever they want
NOVANEWS
By Yves Engler
“Free trade” has become a euphemism for “whatever power wants,” no matter how tangentially tied to transferring goods across international borders.
In an extreme example, Ottawa recently said its Free Trade Agreement (FTA) with Israel trumps Canada’s Food and Drugs Act since accurately labelling two wines might undermine a half-century long, illegal, military occupation.
Of little connection to international trade, the North American Free Trade Agreement — and subsequent FTAs — has granted foreign corporations the ability to bypass domestic courts and sue governments in secret tribunals for pursuing policies that interfere with their profit making. Over 75 cases have been brought before the Investor State Dispute Settlement section of NAFTA, which has resulted i...