If this is true, we need reform now more than ever. Please see this article.
Bernie Sanders warned about the dangers that trade agreements pose in a speech on the floor of the US Senate on October 12, 2011. He said:
“Lastly, let me say a brief word about Panama and the Panama free-trade agreement…It turns out that Panama is a world leader when it comes to allowing wealthy Americans and large corporations to evade U.S. taxes by stashing their cash in offshore tax havens. The Panama Free Trade Agreement will make this bad situation much worse.”
He was right.