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Missed TPP deadline prompts fresh call to withdraw

An economic advocacy group is urging the Australian government not to accept a proposal by the United States, which would reportedly strengthen patent laws and increase prices for medicines.

Trade Ministers from 12 countries in Singapore missed a deadline  to agree to a Trans-Pacific trade pact aap.jpg

1 min read

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Source: World News Australia


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Ministers from 12 nations, including Australia, have been in talks over a Trans Pacific Partnership, or TPP, Agreement, which would ultimately enable the United States to trade freely with the other 11 countries.

 

But a number of issues, including patent protection rules for cheaper generic drugs, have led to the negotiators missing the deadline to reach a deal this year despite several attempts.

 

Dr Patricia Ranald is from the Australian Fair Trade and Investment Network.

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Dr Ranald has told Zara Zaher the repeated failure to reach an agreement indicates the illegitimacy of the deal.

 

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