Regional Comprehensive Economic Partnership (RCEP)

What is the RCEP?

The Regional Comprehensive Economic Partnership (RCEP) is being negotiated between the 10 ASEAN countries, plus China, Japan, India, Korea, Australia and New Zealand.

The next negotiations are scheduled in February 2017, with the aim to finish by the end of 2017.

 


MAJOR ISSUES

ISDS TPP-like proposals: India and some ASEAN countries are resisting this and want more exclusions for public interest regulation.

Stronger medicine monopolies: Japan and Korea have tabled TPP-like proposalsresisted by India and low income countries.

Movement of temporary workers: May be proposals for increased numbers of temporary workers without testing whether local workers are available. Read more here.

Report shows trade agreements have boosted medicine and copyright monopolies

20 December, 2016: The Productivity Commission Final Report on Australia’s intellectual property policy  shows how it  has been constrained by trade agreements. Global pharmaceutical companies have successfully lobbied for longer monopolies in trade agreements which have delayed the availability of cheaper medicines, resulting in higher prices. 

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