Trans Pacific Partnership returns

Last month another meeting between the eleven remaining TPP countries was held in Tokyo. The TPP-11 are hoping to reach general agreement by November 10.

The goal is for an early ratification of the TPP, in the hopes that the US will re-join the agreement. Although Australia, New Zealand and Japan are keen to minimise changes to the text, at least 50 items have been listed for renegotiation or suspension. Some TPP-11 governments only originally agreed to certain rules – like increased monopolies on medicines and copyright, and foreign investor rights to sue governments – in exchange for access to US markets.  They will not implement them without access to US markets.

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