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.
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.
The TPP: What's the Devil in the Detail?
Wednesday November 18, 2015, 1pm-2pm
NSW Parliament House
Macquarie St, Sydney
Secret TPP negotiations between Australia, the US, Japan and nine other Pacific Rim countries concluded on October 6.
October 26, 2011: Read Prof Robin Broad's study of the Australian-Canadian OceanaGold mining company use of the ISDS World Bank tribunal to sue the El Salvador Government for $301 million when it refused a mining license because of potential pollution of its main water source.
MEDIA RELEASE October 21, 2015: The deal reached by the ALP and the Coalition on the China FTA falls short of previously proposed changes to the Migration Act and other problems In the agreement remain," Dr Patricia Ranald, Coordinator of the Australian Fair Trade and Investment Network said today. Read the full release here.
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.
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. .