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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTPP Trade Negotiations Extended Yet Again
http://readersupportednews.org/news-section2/318-66/32742-tpp-trade-negotiations-extended-yet-againThe meeting was originally scheduled to end on Thursday, however the talks were extended due to differences over trade tariffs, drug patents, market access and intellectual property rights.
The TPP negotiations, first launched in 2008, include nations representing 36 percent of global gross domestic product and 25 percent of all international trade.
The controversial trade deal, which includes the participation of three Latin American countries -- Mexico, Chile, and Peru, have all expressed concerns over a clause that would extend patent periods for medicines for eight years, which they argue is unacceptable.
Critics argue that the extension on monopoly drug patents would allow pharmaceutical companies to raise prices for life-saving medicines and even allow monopoly rights over surgical procedures.
The United States is currently advocating for an eight year extension of drug patents, after earlier demanding a 12 year extension.
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TPP Trade Negotiations Extended Yet Again (Original Post)
eridani
Oct 2015
OP
djean111
(14,255 posts)1. I am sure someone will be along to explain how this will benefit poor Vietnamese farmers -
The United States is currently advocating for an eight year extension of drug patents, after earlier demanding a 12 year extension.
Maybe those poor Vietnamese farmers own Pharma stock, who knows.
Interestingly, the TPP shills seem to all devolve into a common theme - the US worker needs to come down to poor Vietnamese farmer level, as far as wages and standard of living are concerned. The only gains will be to corporations and banks, globally. Individual countries will no longer be sovereign.
What a deal. Always remember which politicians voted for Fast Track and any of the "trade" agreements, and always remember which politicians shilled for this stuff.
Even if those politicians are now conveniently backing away from what has been wrought.
newfie11
(8,159 posts)2. Don't do it MX!!!!!!!