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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI don't give one hot damn that Trump opposes the TPP. I'm not going to support it
just because he also opposes it. That would be stupid and reactive. I oppose it for reasons like this:
TPP would make medicine a luxury for developing nations
The Trans-Pacific Partnership, a treaty currently stalled in the U.S. Senate, contains a provision that would require all member countries to adopt laws that protect the profits of American pharmaceutical companies. On the losing end of this requirement are impoverished citizens of developing nations, who would see the cost of biologic medicines soar.
The Trans-Pacific Partnership is marketed as a deal that will promote free trade by removing barriers between North American and Pacific countries, including the United States, Japan, Malaysia, and Singapore. The agreement offers many benefits, but contains several troubling provisions, including one that would force member countries to implement strong monopoly protections for newly introduced biologics.
Biologics are complex molecules, isolated from organisms. They are used for medicines from vaccines to gene therapies, and can treat numerous diseases from arthritis to cancer. Heightened protections would allow pharmaceutical companies to elevate prices throughout Pacific markets.
The United States currently grants data exclusivity, a type of intellectual property protection, to new biologic products for 12 years. Data exclusivity prevents firms that create similar molecules called biosimilars from using data from the original biologic to enter the market. This increases financial returns for biologic developers, but extending similar standards abroad would make many medicines unaffordable to millions of people throughout the world.
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read:http://thehill.com/blogs/congress-blog/foreign-policy/290232-tpp-would-make-medicine-a-luxury-for-developing-nations
The TPP won't get a vote until after the election, but President Obama believes it will pass shortly thereafter:
Obama predicts TPP trade deal will be ratified after election
Read more here: http://www.newsobserver.com/news/politics-government/election/article93319742.html#storylink=cpy
Hoyt
(54,770 posts)companies charge very low prices in poor countries. Look it up.
BTW, glad you came back.
PSPS
(13,605 posts)Warren DeMontague
(80,708 posts)Anyone think that's really gonna happen?
He's saying whatever he can think of that might appeal to various demographics. The TPP pose is clearly designed to try and swing OH and PA.