The Trans-Pacific Partnership (TPP) is a legally binding trade agreement which has been negotiated between Australia, the US and 10 other Pacific Rim countries. The agenda has been driven by US corporate interests, and it expands corporate rights at the expense of people’s rights. The text was agreed in November 2015, but governments have not yet passed the implementing legislation required for it to come into force. Strong community campaigning in the US has resulted in opposition from both presidential candidates and the U.S. Congress.
The TPP allows foreign corporations to bypass national courts and sue governments over changes to domestic law in unfair international tribunals which have no independent judiciary, no precedents and no appeals.
It will lock in stronger monopoly rights for pharmaceutical companies which will delay access to cheaper medicines, leading to future higher prices for costly biologic medicines.
The agreement contains only weak labour and environmental standards which are not legally enforceable and will not protect expanded numbers of vulnerable temporary migrant workers nor deliver on promises of increased jobs.
In Australia, the implementing legislation is being reviewed by parliamentary committees.The legislation could be blocked by the majority in the Senate.
The Australian Fair Trade and Investment network of 60 community organisations is leading a campaign for a Senate inquiry into the TPP, and for the majority in the Senate to vote against the implementing legislation.
Dr Pat Ranald will speak about the Trans-pacific Partnership at
the “New Politics in the Pub”
at the Courthouse Hotel in Mullumbimby
on Wednesday28th September 2016
Dr Ranald has published widely on the social impacts of globalisation and trade agreements and is Coordinator of the Australian Fair Trade and Investment Network (AFTINET), a network of 60 community organizations and many more individuals, which advocates for fair trade policies based on human rights, labour rights and environmental sustainability www.aftinet.org.au.
She is a Research Associate at the University of Sydney. Her Doctoral thesis in International Relations at the University of NSW was a comparative study of the World Trade Organisation and regional trade agreements. She was formerly a Senior Research Fellow at the University of New South Wales, and has also worked for unions and community organizations.