TPP text summaries on corporate rights, medicines, environment, labour and more

The TPP text of 30 chapters and thousands of pages was released on November 5. Read AFTINET's short summary of its impacts on four key areas, and  a separate summary on  investor rights,  See longer analysis by others on medicines investor rights, the  envIronment, copyright,  electronic commerce.and financial services.

TPP text favours corporate rights over citizens and communities

Media Release November 5, 2015

“Preliminary analysis of the thousands of pages of the main chapters of the TPP text show  devils in the detail on medicine monopolies, investor rights to sue governments and copyright monopolies. The agreement still strengthens corporate rights at the expense of consumers and citizens, which is the opposite of ‘free’ trade,” Dr Patricia Ranald, Coordinator of the Australian Fair Trade and Investment Network said today. Read full release here.

Peter Martin in The Age: the TPP sells sovereignty for little return

October 13, 2015:Economics editor Peter Martin writes in The Age that  economic modelling by the US pro-TPP Peterson Institute in June 2015 shows it won't create jobs. It'll boost the Australian economy (slightly) by shifting workers away from some jobs towards others, but it will replace rather than add jobs..But Australia will be locked into the US way of doing things on medicines, copyright and other areas  and denied the freedom to move to anything else. A US-style investor-state dispute settlement scheme will allow foreign companies to sue our governments in extraterritorial tribunals. Is this a fair price to pay? On balance he says not. 

TPP leak reveals harmful monopolies on medicines in Australia and globally

Public health expert Dr Deborah Gleeson says that many provisions  in the  TPP leaked text  will dramatically reduce access to affordable medicines, particularly in developing countries. While the Australian Government has said that the current law on 5-year data protection regime for costly biologics in Australia will not change, the text says that governments must deliver 'through other measures' an outcome comparable to eight years, meaning  an extra three years. .