Many trade negotiators use the bicycle analogy: "If you don't pedal to keep the bike moving, it will fall over." This is often used to justify the push for new trade negotiations such as the Trans-Pacific Partnership agreement (TPP).
But if you're cycling towards the cliff, this is not good advice. In today's world, the cliff means financial crises and unregulated speculators, trillions of dollars in tax havens, powerful and poorly regulated corporations, growing inequality and dangerous climate change.
At the start of another TPP negotiating session, the text is still a secret. It is time for the Government to stop hiding what it is negotiating. This is not really a trade agreement - only five of 29 chapters are about what most people recognise as trade negotiations. If it was just a trade agreement, fewer people would be worried. But this is mainly about domestic laws. It restricts the powers of governments to regulate in ways that might adversely affect the freedoms of foreign companies.
Even the most rudimentary democracy should require governments to tell Parliament about major changes to policy and regulation. Democracy needs transparency. But in this case, transparency is even more necessary. It is the rights of government that are up for negotiation. The proposal for investor-state dispute settlement would allow a foreign corporation that considers itself to have been adversely affected by government regulation or policy to sue our government, not in our courts, but in an international tribunal.
As a first step, the Trade Minister, Tim Groser must respond to the growing calls for transparency and release the negotiating documents so they can be subjected to parliamentary scrutiny and informed public debate.