The Trans-Pacific Partnership (TPP) is a massive free trade agreement involving Australia, the US and ten other countries, which reduces our democratic rights while increasing the rights of global corporations.
The TPP is bad for:
- Democracy. It allows global corporations to sue governments over health, environment and public interest laws. Read more.
- Health. Medicines will be more expensive because of stronger monopoly rights for pharmaceutical companies to charge higher prices for longer. Read more.
- Workers. Contains no real protection for labour rights or migrant workers, and removes labour market testing. Read more.
- The environment. Lacks enforceable commitments to key international agreements, does not mention climate change and allows corporations to sue over new environmental laws. Read more.
- Internet users. Locks in strong rights for copyright holders at the expense of consumers and internet users. Read more.
Despite all the downsides of the deal, economists and the World Bank predicted it would not deliver promised jobs and growth.
After six years of community campaigning, the withdrawal of the US in January 2017 meant the TPP could not be implemented. the Turnbull Government threatened to rush the TPP’s implementing legislation through Parliament to get approval for a dead agreement. A Senate inquiry report said no to the implementing legislation, The government has not presented the legislation, because Labor, Greens and NXT Senators have a majority and do not support it.
For all the latest news on the TPP, including the Senate report, follow this link.
For in-depth analysis and resources, including AFTINET’s submissions and our printable TPP flyer, click here.
Updated: February 2017