The original Trans-Pacific Partnership (TPP-12) was 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.
- Democracy. It allows global corporations to sue governments over health, environment and public interest laws. Read more.
- Health. 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 for vulnerable temporary migrant workers. 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.
Economists and the World Bank predicted The TPP 12 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 in February 2017.
TPP-11 rebadged as the CPTPP in 2018
But Japan and Australia led the pushed for a revived TPP-11 without the US. In November 2017 TPP -11 negotiators rebadged the deal as the Comprehensive Progressive TPP (CPTPP) and suspended some of its most controversial clauses, (but not ISDS). The text was tabled in Parliament on March 26, 2018, triggering a Joint Parliamentary Inquiry and possible Senate Inquiry before parliament votes on the implementing legislation.
See brief analysis here and media commentary here
For in-depth analysis and resources, including AFTINET’s submissions and our printable TPP flyer, click here.
Updated: March 2018