This New York Times article shows how prescription asthma medication costs $250 a month in the US, because of longer patents and no price regulation, compared with a maximum of $36.10 for prescription medicines in Australia. This could happen here if US pharmaceutical companies succeed in using the Trans-Pacific Partnership Agreement (TPPA) to extend patents and to prevent governments from regulating medicine prices.
ABC TV program Lateline aired concerns about the Trans-Pacific Partnership Agreement (TPPA) including the potential impact on public health and medicines, as well as investor-state dispute settlement (ISDS).
The feature includes an interview with AFTINET's Convener Dr Patricia Ranald and former Trade Minister Richard Marles (now Opposition Trade Spokesperson).
The Sydney Morning Herald's summary of the APEC summit held in Bali mentions the Trans Pacific Partnership Agreement (TPPA) and quotes AFTINET.
AFTINET's Dr Patricia Ranald outlines the concerns over the TPPA in this article and radio interview from the ABC.
"The negotiations have a large number of sticking points, which are mainly caused because the US has made a number of what I would call fairly extreme demands about changing regulation.
AFTINET and six public health organizations today urged the Abbott Government to reject proposals in the Trans-Pacific Partnership (TPPA) to increase monopoly privileges for drug companies which would increase medicine prices by delaying access to cheaper generic medicine.
More than 70 organisations including 54 regional groups ranging from Mirboo in Victoria, to the Cassowary Coast in North Queensland, to Walgett in NSW, in traditional areas of Coalition support, have endorsed a letter to Trade Minister Andrew Robb. They oppose foreign investor rights to sue governments for damages in international tribunals over environmental regulation of coal seam gas mining.
AFTINET is hosting a public seminar to be held at NSW Parliament on Tuesday the 22nd of October from 12-2pm.
The Trans-Pacific Partnership endgame: corporate rights or peoples’ rights?
The US, Australia, New Zealand and nine other Pacific Rim countries have been negotiating the Trans-Pacific Partnership (TPPA) trade agreement for the last three years. The pressure is on to finish the negotiations this year. But the agreement is not mainly about trade.
Date: 22nd October, 12-2pm
Venue: NSW Parliament, Macquarie Room
Please RSVP by COB October 21 to email@example.com