Secret Trans-Pacific Partnership Deal Signed
The TPPA (Trans Pacific Partnership Agreement) parties have reached in-principle agreement. The details are still secret and won’t be made public for at least another month. Despite wide-spread public opposition to the trade agreement, specifically the pharmaceutical support arrangements and the investor-state dispute settlement clause, the 12 countries negotiating the Trans-Pacific Partnership Agreement (TPPA) have now reached in-principle agreement. The TPP is a huge multilateral agreement covering Australia, New Zealand, Canada, the United States, Mexico, Peru, Chile, Malaysia, Singapore, Vietnam, Brunei and Japan. Its members comprise 40 per cent of the global economy and span the entire Pacific region. Prime Minister Turnbull is touting the TPPA as a ‘very big win’ for Australia, however the details of the agreement remain secret, and may hide shameful trade-offs on issues like affordable medicines and multinational corporate rights to sue governments. Philip Morris is using an old ISDS [against Australia] to sue our Govenrment for its plain paper packaging health initiative. It will still be some time before the details of the TPPA are released to the public. The Australian government will need to ratify the TPPA deal before it comes into force, which means there is still a chance to stop it. Add your voice to the petition to stop the TPPA here and read more about the impact of the TPPA on Australia here.