NYU Stern Center for Business and Human Rights says "Trans-Pacific Partnership is Promising, But Must Prioritize Human Rights as Well as Economic Opportunity"

FOR IMMEDIATE RELEASE: November 6, 2015

CONTACT: Samantha Kupferman, West End Strategy Team, Samantha@westendstrategy.com, Cell: (202) 215-9260

NEW YORK – Following the release of the full text of the Trans-Pacific Partnership (TPP) trade deal, which the White House is expected to approve, Sarah Labowitz, co-director of the NYU Stern Center for Business and Human Rights, released the following statement:

“Globalization and free trade have the potential to be enormous sources for good, lifting some of the most vulnerable populations out of poverty creating much-needed jobs in developing countries. To fully realize the benefits of free trade agreements like the Trans-Pacific Partnership, the United States and other high-income countries must enforce high standards for labor rights. Commitments within TPP on labor rights are an important first step, but the real test of the deal will be whether the United States steps up its enforcement of labor provisions.”

If ratified, the Trans-Pacific Partnership could free up commerce in 40 percent of the world’s economy.

Labowitz is the co-author of “Business as Usual is Not an Option,” a research report on business practices in Bangladesh’s manufacturing sector, released in April 2014, one year after the Rana Plaza factory collapse. The Center worked directly with factory owners, buyers, and civil society groups in Bangladesh to identify risks to workers stemming from indirect sourcing practices and subcontracting.

Since then, the Center has compiled a data set of more than 10,000 records gathered from five separate databases of factories in Bangladesh. The Center is working to create a map that identifies areas in and around Dhaka where indirect sourcing factories exist outside any inspection or oversight systems – endangering the human rights of millions of workers every day.

 

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About the NYU Stern Center for Business and Human Rights
The NYU Stern Center for Business and Human Rights is the first center to focus on human rights at a business school. Visit www.bhr.stern.nyu.edu and follow @NYUSternBHR on Twitter to learn more.

About New York University Leonard N. Stern School of Business
Located in the heart of Greenwich Village, New York University Stern School of Business is one of the world’s premier research and teaching institutions. NYU Stern offers a broad portfolio of graduate and undergraduate programs, all of them informed and enriched by the dynamism, energy, and resources of the world’s business capital. Visit www.stern.nyu.edu and follow us on Twitter @NYUStern.