Pacific Rim nations close in on a landmark trade deal
Source: Reuters
Fri Oct 2, 2015 10:41pm EDT
Pacific trade ministers are optimistic of closing a sweeping Pacific Rim trade deal after progress on Friday on hurdles involving autos, dairy products and intellectual property protections for expensive biologic drugs.
Ministers represented in the Trans Pacific Partnership (TPP) talks in Atlanta met for 20 minutes before breaking for negotiators to resume work on specific issues, work that Japan's Economy Minister Akira Amari said on Friday would likely go on all night.
The United States and Australia are locked in intense negotiations over the length of time pharmaceutical companies have exclusive rights to produce and market next-generation medicines.
Australia is one of a group of half a dozen countries resisting a U.S. push to set a standard of eight years protection and see five years as a red line
Read more: http://www.reuters.com/article/2015/10/03/us-trade-tpp-japan-idUSKCN0RX00L20151003
Trade ministers from a dozen Pacific nations in Trans-Pacific Partnership Ministers meeting post in TPP Ministers ''Family Photo'' in Atlanta, Georgia October 1, 2015. Reuters/USTR Press Office/Handout
"Negotiators hope to wrap up Trans-Pacific Partnership talks by Saturday when a joint news conference by all 12 ministers has been scheduled."
A done deal.
villager
(26,001 posts)n/t
daleanime
(17,796 posts)people.
PSPS
(13,579 posts)davidpdx
(22,000 posts)that South Korea will give in and join the TPP. With Japan a part of it there will be a lot of pressure by politicians here to join it. Once that happens I can say goodbye to watching any TV shows. Free trade doesn't solve the distribution problems of the music, film and television industries. It only ignores them.
Unknown Beatle
(2,672 posts)He sold out to corporations. Hope and change is correct, for corporations that is.
turbinetree
(24,683 posts)for the corporate oligarchy of greed---------------we get ninety days, just ninety whole days, before Christmas or right after Christmas starting on Jan 1, 2016 to really get the proverbial gift of outright corruption, dictatorships, forced labor and other acts.
Honk--------------------for a political revolution Bernie 2016
PosterChild
(1,307 posts).... we'll see what the deal actually contains and can make update our minds based on the facts.
Like the Iran deal .