Newsflash:
Rob Zerban Trans Pacific Partnership Obama's secret trade deal threatens prescription drug prices on global scale
Saturday, 27 July 2013 00:00

Obama's secret trade deal threatens prescription drug prices on global scale

Written by  prescription drug prices on global scale Kota Kinabalu : Malaysia | All Voices

The US pharmaceutical industry has been shaping elements of the Obama administration’s secret Trans-Pacific Partnership trade agreement to favor their own profits. But the deal could also could cause the price of prescription drugs and some medical devices to soar on a global scale.

Radio New Zealand reports, “The medical non-government organization, Medicines Sans Frontiers, says it fears the Trans-Pacific Partnership trade deal could push the cost of drugs to prohibitive levels.”

Leaked documents show that US drug companies, who are among the 600 US corporate advisers writing the trade agreement, are trying to extend patents on prescription drugs and prevent competition from less-expensive generic drugs through intellectual property (IP) controls.

If US drug companies get the protections they want in the Trans-Pacific Partnership deal, some drug prices are set to rise as much 50 percent, according to a United Nations development study.

A massive increase in drug prices, along with extended IP monopolies on medical devices, like new pacemakers, could make them so expensive that many people could simply not afford them, even if their lives were in the balance.

The secret talks wrapped up their 18th round in Malaysia last week, where more than a dozen protesters were arrested expressing concerns that the TPP deal will give multinational corporations too much power.

“Malaysian activists have staged several protests against the deal, fearing it will compromise the country’s sovereignty and calling on the government to disclose details on the agreement,” according to The Straits Times.

The TPP negotiations were dropped by the George W. Bush administration in 2008 after just three rounds of talks, but were revived in 2009 after Obama took office.

There are currently 12 countries involved in the TPP talks; the United States, Canada, Mexico, Peru, Chile, Australia, New Zealand, Singapore, Brunei, Malaysia, Vietnam and Japan.

If the deal is signed, it will be the largest trade deal ever negotiated, representing 40 percent of the global economy.

The extreme secrecy surrounding the TPP talks have some US lawmakers worried that they will sign away the sovereign rights of America to multinational corporations, who will exploit workers, cost more than 500,000 US jobs in the textile industry alone, and cause irreparable environmental damage.

Under “investor state” and corporate “stakeholder” provisions, a foreign tribunal can virtually guarantee corporate profits at taxpayers’ expense.

Rep. Alan Grayson of Florida is one of the few members of Congress allowed to see a preliminary draft of the TPP.

After viewing the deal, Grayson told the Washington Times, “It is easy to understand why this NAFTA-style agreement has been kept secret. The TPP is a disturbing attack on American democracy and sovereignty. It puts corporate interests ahead of American interests.”

Link to original article from All Voices

Read 6272 times Last modified on Saturday, 26 October 2013 16:06

ERA Legislation in your State

Unratified states Gold - Ratified States Purple

Latest News from the Zerban Campaign

  • Meet the Man Who's Trying to Force Paul Ryan to Look for a Real Job
    Meet the Man Who's Trying to Force Paul Ryan to Look for a Real Job

    Once again, Koch brothers cash will face off against a people-powered campaign in Wisconsin this November. The race is for a House seat in the first Congressional District, a seat now held by Paul Ryan. His challenger – the first serious challenge he's faced in 14 years in Congress – is Rob Zerban, a restaurateur and County Commissioner.

    Written on Sunday, 02 September 2012 17:49 Read more...
  • The Real Cost of the Ryan Budget
    The Real Cost of the Ryan Budget

    Everywhere I go during my campaign — parades, farmers markets, even the local deli — I keep hearing the same thing from Wisconsin voters. “We need real representation,” they tell me, “representation that’s focused on the people and what we need.”

    Written on Thursday, 09 August 2012 19:51 Read more...
  • Zerban Submits 230% of Required Nomination Signatures Today
    Zerban Submits 230% of Required Nomination Signatures Today

    "The message is clear: Paul Ryan must be held accountable for his 14 years of failed decisions"

    Written on Saturday, 02 June 2012 01:34 Read more...
  • A Man Who Looks Paul Ryan's Storm Dead in the Eye
    A Man Who Looks Paul Ryan's Storm Dead in the Eye

    "He had a minor in economics," Rob Zerban says of his opponent. "What experience does he have to say that he's the great budget oracle?" "The people of the First District can see where that budget impacts their lives. Their bridges start to crumble. We've got 16 bridges on federal highways alone in the district that have been declared structurally deficientm and that doesn't include county and local municipal bridges.

    Written on Friday, 27 April 2012 01:52 Read more...
  • Rob Zerban Has My Vote in 2012
    Rob Zerban Has My Vote in 2012

    Typically during an election cycle, it often comes down to voting for the lesser of two evils. You choose the one who supports the issues most meaningful to you – or at least doesn’t outright defy them. It can be difficult to encounter a candidate who personifies the conviction and integrity you would imagine only in a perfect political world.

    Written on Sunday, 15 April 2012 18:11 Read more...
  • Rob Zerban Statement on Paul Ryan’s FY2013 “Path to Poverty”
    Rob Zerban Statement on Paul Ryan’s FY2013 “Path to Poverty”

    Today, Rob Zerban, Democratic Congressional challenger to Congressman Paul Ryan, released the following statement in response to the introduction of Paul Ryan’s FY2013 “Path to Poverty” budget.

    “In yet another misguided handout to Wall Street at the expense of Main Street, Congressman Paul Ryan today introduced his latest budget plan, designed to place the blame for his 14 years of poor decisions squarely on the backs of our hardworking families.

    Written on Sunday, 15 April 2012 18:07 Read more...
  • WI-01 Rob Zerban Campaign Kickoff Tour Highlights
    WI-01 Rob Zerban Campaign Kickoff Tour Highlights

    When I began this campaign, I made a commitment to serve as a voice of the people- not of corporations.

    I have been putting that into action. In the last few weeks, I have been working overtime to kickoff my campaign with rallies across the district.

    Written on Monday, 12 March 2012 00:00 Read more...
  • John Nichols: How Rob Zerban forced Paul Ryan to defend Internet freedom

    The American Civil Liberties Union, Free Press and the Save the Internet campaign have made it clear that the Stop Online Piracy Act poses a genuine threat to human rights advocacy and whistleblowing on the Web.

    Written on Tuesday, 17 January 2012 00:00 Read more...

Sign the ERA Petition

ERADemandButton

On Friday, September 12th more than 150 activists will go to DC and Demand that their Senators and Representatives support removing the ratification deadline from the ERA (SJ Res 15 and HJ Res 113)

Button-SignERAPetition

Sign the Petition - Sen. Sanders Run as a Democrat in 2016

Button-SandersPetition

Lori Wallach on the TPP from PDA Progressive Roundtable

Progressive Roundtable with Reps. Ellison and Pocan and Lori Wallach on TPP

TPP: The Biggest Threat to the Internet You've Probably Never Heard Of