Council on Foreign Relations: TPP Tobacco Exception Proves the New Rule in Trade
In this expert brief, Thomas J. Bollyky, senior fellow for global health, economics, and development, discusses the Trans-Pacific Partnership trade agreement, signed last week, and how the pact “is the first U.S. trade deal to exempt antismoking measures from the lawsuits that investors may bring under the agreement.” Bollyky says the carve-out “reflects the particular status of tobacco in international law and established U.S. trade policy, and was negotiated and included at the insistence of TPP member countries…” (2/4).