Antinuclear

Increasing anxiety over secret Trans Pacific Partnership

Secrecy Around TPP Fuels Suspicions, Worries, http://www.industryweek.com/trade/secrecy-around-tpp-fuels-suspicions-worries, 27 July 15,    After chapters of the Trans-Pacific Partnership are leaked to Wikileaks, critics and backers of the controversial proposal are out in full force. With a Maui meeting looming, how will it affect the country and its industry? WASHINGTON, D.C. — Higher costs for needed generic drugs. Longer copyright protections than the global standard. Foreign investors empowered to overrule governments. A more tightly-regulated Internet.

Those are some of the potential pitfalls from any deal that could emerge from the Trans-Pacific Partnership, the 12-country free-trade and investment pact shrouded in secrecy as negotiations head into the final stage in Hawaii next week.

A handful of draft chapters of the TPP, leaked via Wikileaks, have highlighted the proposed treaty’s heavy emphasis on expanding protections for corporate rights and assets like intellectual property — patents, copyrights and databases — that are far more valuable to advanced economy corporations than traditional cargo trade.

For critics, the proposals show a deal moving more toward protection than free trade, one more about corporate benefits than boosting economies and development. ut backers say the modern global economy needs a new framework of rules to protect intellectual property-dependent 21st century industries that aren’t covered in traditional free trade pacts like the World Trade Organization.

The 12 countries involved — Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam — have agreed to deliberate in great secrecy, with the goal of producing a deal that can either be accepted or rejected as a whole.

The leaked documents, too, show great disagreement on many issues still under negotiation.

Nevertheless, what is known from the leaks has left a whole range of politicians, academics and civil society groups deeply worried.

Higher drug costs

Many public health organizations say the intellectual property protections proposed would raise the costs of health care and drugs to many millions around the world.

TPP drafts from last year show a proposed 12-year protection for new biologic drugs, when even the administration of President Barack Obama now wants that US standard reduced to seven years to keep prices lower and foment more competition.

They also show efforts to make it harder for poorer countries to produce generic versions of other drugs, to extend patent protections to new versions of existing drugs and to force governments — particularly New Zealand — to reveal their internal pricing data on pharmaceuticals.

Critics say this will only strengthen the hand of big drug companies.

July 29, 2015 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, politics