TPP deal - bad for democracy, affordable medicine and agriculture
Campaigners have reacted angrily to news that the negotiators of the Trans-Pacific Partnership (TPP) had reached an agreement in Atlanta, USA following a dramatic, last-minute extension of the talks.
Nick Dearden, the director of Global Justice Now said:
“TPP is a deal for big business. Two fifths of the global economy will be covered by corporate courts, meaning a huge rise in governments being sued for protecting the public interest from corporate greed. Medicine prices will rise as Big Pharma gets more power to monopolise markets. Small farmers will suffer from unfair competition with industrial scale agribusiness. No wonder this has been agreed in secret. There's still hope though, and we look to US congress to stop this toxic deal.“
The TPP is a trade agreement between between several Pacific Countries that shares many of the same criticisms of free trade deals such as TTIP and CETA.
Photo credit: Backbone Campaign/Flickr/CC