WikiLeaks' free trade documents reveal 'drastic' Australian concessions - 0 views
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Sungmin Lee on 19 Oct 14Secret negotiations over the Trans Pacific Partnership (TPP) free trade agreement have apparently been breached by another leak of material which shows Australian consumers could pay more for cancer medicines and face criminal penalties for non-commercial copyright breaches.
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Hardy Hewson on 21 Oct 14The article concerns the recent reveal by WikiLeaks of free-trade agreements between the nations of the Trans-Pacific Partnership (members include the United States, Japan, Australia and Singapore). The article states that Australia has made considerable concessions to nations such as Japan and the US by permitting increases in regulation over intellectual property, specifically for cancer related drugs. The new regulation could mean that government permitted monopolies could be extended, meaning patients may be forced to pay more for treatment for longer periods of time.