Trans-Pacific Partnership Agreement

Trans-Pacific Partnership (TPP)

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, and attempts to revive the TPP, follow this link.

For in-depth analysis and resources, including AFTINET’s submissions and our printable TPP flyer, click here. 

Updated: February 2017

 

Trump drafts Executive Order for Big Pharma

June 23, 2017: The New York Times has published a leaked draft of a new Trump Executive Order which demonstrates that Big Pharma has captured the White House.

The document directs the United States Trade Representative to conduct a study of price differences between the United States and other countries, and to review trade agreements that may need to be revised “to promote greater intellectual property protection and competition in the global market.”

TPP countries will “assess options” for deal’s future without US

May 23, 2017: Eleven TPP countries met in Vietnam last weekend without the US to discuss the future of the failed deal, which Japan, Australia and New Zealand are pushing to resuscitate.

While there’s been a lot of hype in the headlines about a TPP revival, the actual statement agreed by TPP countries only commits them to completing a process to "assess options" for the future of the agreement before Ministers meet again on November 10-11 in Da Nang, Vietnam.

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