Orrin Hatch says maybe no TPP unless Obama renegotiates a better deal for Big Pharma.
Speaking of the TPP, President Barack Obama might have an Orrin Hatch problem. The Senate Finance Committee chairman isn’t letting up on his criticisms of the deal, and cast doubt on Friday that the deal could even come up next year. He warned Congress could torpedo the agreement unless the White House returns to the negotiating table and wins stronger protections for a class of life-saving medicines called biologics, Palmer reports.
"I understand that renegotiation may be difficult, particularly with so many parties involved," Hatch told the U.S. Chamber of Commerce. "But at the end of the day, the alternative to renegotiation may very well be no TPP at all." Still, Hatch stopped short of taking a definitive stance against the pact, calling on the administration to develop a comprehensive plan to ensure TPP countries implement all of their intellectual property commitments before the pact goes into force.
http://www.politico.com/tipsheets/morning-trade
Renegotiation is not going to happen, nor should it to please Hatch and Big Pharma.
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