There's reportedly something called an MFN clause within the proposed, which has already raised alarms by at least one Australian expert, notes the UK Guardian:
Essentially, an MFN clause is tantamount to a classic wipeout move. It would enable foreign corporations from TPP states to make a claim against Australia based on the ISDS provisions in any other trade deal Australia has signed, no matter which country it was signed with. That means it does not matter how carefully the TPP is drafted: foreign investors can cherrypick another treaty Australia has signed, and sue the Australian government based on the provisions included in that treaty. Kahale has described MFN as “a dangerous provision to be avoided by treaty drafters whenever possible” because it can turn one bad treaty into protections “never imagined for virtually an entire world of investors”.Meanwhile, there's another odd report floating around overseas. I can't find it reported in American MSM, but it's reported without equivocation by Russia's Sputnik news service:
The United States invites Russia and China to become part of the Trans-Pacific Partnership (TPP) free trade agreement if they are open for cooperation, US State Secretary John Kerry said Monday. Countries all over the world, including Russia and China, are welcome to join various US-proposed initiatives, such as the Trans-Pacific Partnership deal, Kerry stated in an interview with Mir TV channel.Sure, the Russians like to play spin games. But the sad fact is, American corporate media is just as bad, sometimes worse, in the present age.
Odds are, if TPP comes to be a ratified, working agreement, the harm it does to the Ameirican economy will continue well after Obama and Kerry are out of office.