World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

TPP 11 need for further talks show flaws

TPP 11 need for further talks show flaws in the deal, says AFTINET

“TPP 11 leaders meeting in da Nang Vietnam have reportedly agreed on some elements of a possible deal without the US, but have not succeeded in their aim of finalising the text. The talks have only been salvaged by an agreement to rename the deal, suspend some of its most controversial clauses and to have further talks over several months on issues raised by Canada and other governments,” AFTINET Convener Dr Patricia Ranald said today.

The draft leaders’ statement and list of suspended provisions reported by Reuters are attached.
“The failure to conclude the deal shows that some governments still oppose provisions demanded by the US which they only reluctantly agreed to gain access to the US market. The renaming of the deal as the Progressive Comprehensive Trans-Pacific Partnership, insisted on by Canada, seems to be an effort to distance governments from the original TPP,” said Dr Ranald.
“AFTINET welcomes the suspension of some proposals for stronger medicine monopolies, including those on costly biologic medicines, which would delay the availability of cheaper versions of those medicines, and which were strongly opposed by public health and other community groups. But we believe there should have been deleted altogether rather than suspended pending a possible US return to the deal.”
The proposed deal still contains special rights to foreign investors to bypass national courts and sue governments for millions of dollars in unfair international tribunals over changes to domestic laws, known as ISDS. It would also restrict future governments from re-regulating essential services like energy or financial services, despite demonstrated market failures, and it would result in more vulnerable temporary migrant workers, without testing if local workers were available,” said Dr Ranald.
“Australia has nothing to gain from a revived TPP. Australia already has free trade agreements with the US and all but three of the other ten TPP countries, (Peru, Mexico and Canada). This meant the TPP delivered minimal extra market access for Australia. Studies showed the TPP with the US would deliver hardly any economic growth to Australia after 15 years. The government has refused to do any studies on the impact of the deal without the US, but any economic benefit would be even less,”
said Dr Ranald.

“The Australian government had already quietly conceded that a TPP without the US was unlikely by concluding a separate deal with Peru yesterday. Unfortunately this also includes ISDS.

Australia does not need the zombie TPP. We call for an end to secrecy and release of the text of all trade deals for independent studies of their social, health and economic impacts before they are signed,” said Dr Ranald.

© Scoop Media

 
 
 
World Headlines

 

NGO Coalition On Human Rights: Call For A Stop To Police Brutality In Fiji

A viral video has circulated online showing two police officers utilising disproportionate and excessive force in detaining the suspect, an individual half their size. In the video it shows the man’s head being pressed down on the ground, his arms being ... More>>

UN: India’s New COVID-19 Wave Is Spreading Like ‘Wildfire’, Warns UN Children’s Fund

7 May 2021 A new wave of COVID-19 infections is spreading like “wildfire” across India, leaving many youngsters destitute, the UN Children’s Fund UNICEF said on Friday. In the last 24 hours, India registered 3,915 coronavirus deaths and 414,188 ... More>>

UN: Decades Of Health Gains At Risk In Brazil Due To COVID-19

Although COVID-19 cases are declining in Brazil, the pandemic is putting decades of public health gains there at risk, the head of the World Health Organization ( WHO ) said on Friday. With global attention and support focused this week ... More>>

Focus On: UN SDGs

UN: Economic Recovery Under Threat Amid Surging COVID Cases And Lagging Vaccination In Poorer Countries

New York, 11 May — While the global growth outlook has improved, led by robust rebound in China and the United States, surging COVID-19 infections and inadequate vaccination progress in many countries threaten a broad-based recovery of the world ... More>>

Study: Cut Methane Emissions To Avert Global Temperature Rise

6 May 2021 Methane emissions caused by human activity can be reduced by up to 45 per cent this decade, thus helping to keep global temperature rise to 1.5 degrees Celsius in line with the Paris Agreement on climate change, according to a UN-backed ... More>>

UN: Learning From COVID-19, Forum To Highlight Critical Role Of Science, Technology And Innovation In Global Challenges

New York, 4 May —To build on the bold innovations in science, technology and innovations that produced life-saving solutions during the COVID-19 pandemic, the UN will bring together experts to highlight measures that can broaden the development and deployment ... More>>