Trans-Pacific Partnership Agreement

Stiglitz on why investor state dispute settlement is a bad idea

Nobel prize winning economist, Joseph E. Stiglitz comes out strongly against investor-state dispute settlement (ISDS) in trade and investment deals including the Trans-Pacific Partnership (TPP).

South Africa is now joining Ecuador and Venezuela in terminating some investment agreements. In his piece, 'South Africa Breaks Out', Stiglitz explains why other countries should follow suit.

Activist from El Salvador to speak at AFTINET's AGM

Guest Speaker: Vidalina Morales

Investor Rights to Sue and Gold Mining in El Salvador

Vidalina Morales is a small scale farmer and a mother of five from El Salvador. In 2006 she discovered that her community was under threat from the El Dorado mining project by Canada-based mining company, Pacific Rim. She is now recognised as one of the leading voices in the environmental defense movement in El Salvador.

 

After widespread community protest, the government in El Salvador suspended mining licences for environmental and public health reasons. Pacific Rim is now using investor-state dispute settlement in a trade agreement to sue the government because this legislation. An Australian company, Oceania Gold, has a major shareholding in the company. Vidalina will speak on behalf of anti-mining group La Mesa.

These are the same investor rights to sue that we are campaigning against in the Trans-Pacific Partnership Agreement and other trade agreements.

Patents and access to medicine in the US

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.

Lateline: Trans-Pacific Partnership could damage Australia

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).

Watch the program or read the transcript here

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