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Australia-US Free Trade Agreement Examined

PeterBecker writes "An evalutation of the impact of the changes Intellectual Property Rights (IPRs) in the Australia-US Free Trade Agreement is available from the Australian Parliamentary Library (Research Paper #14). It takes a very critical stance, with statements such as "IPRs fit awkwardly in an agreement that has the aim of advancing free trade." and "While there has not been a comprehensive economic evaluation of IPRs, the Productivity Commission has found that, as a net importer of IPRs, Australia would lose more than it gains by strengthening IPRs. The net economic impact is thus likely to be negative.". Interesting read especially for those of you who might be affected but missed the fact thanks to close to no coverage in the mainstream media."

2 of 308 comments (clear)

  1. Hmmm... by cujo_1111 · · Score: 5, Interesting

    What is apparent is that Australia did not get the big gains in access to US agriculture it was asking for, but still agreed to some serious changes to Australian social policies which the US was demanding. While the agreement - unlike the North American Free Trade Agreement - will not allow corporations to sue the government for breaches of the agreement, it will mean restrictions on the right of Australia to regulate local content in the media, changes to Australian quarantine laws, new avenues for US pharmaceutical companies to press for greater profits from the Pharmaceutical Benefits scheme, and greater restrictions on creative products under copyright.

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  2. What advise could you give for similar scenarios? by pisco_sour · · Score: 5, Interesting

    Here in Peru, the government is currently in the middle of negotiations regarding our own US-Peru free trade agreement. There's a lot of hype about it, most people consider it to be the great economic panacea which will solve most of our terrible economic problems, and the one instrument which may single-handedly bring us out of underdevelopment. I say 'Ha!', but I don't think they really care about my opinion.

    Anyway, mainstream media is nothing but sugar talk for the FTA, and have hardly noticed all of the fine print, especially regarding "enhancements" on our IP law, or other areas of our Constitution - essentially opening wide for foreign investment without any kind of protection for our inner markets.

    So, to the point, as a sort of mini Ask Slashdot: how would you go about publicizing these little known issues, particularly the IP one, especially when most of the mainstream media just tries to shush any voices that are just not complying with their views? These are legitimate issues which could very possibly rally valuable support, yet none of it is being mentioned, anywhere, just the positive aspects of the agreement are publicized, particularly by the government. As far as I know, similar issues are popping all through Latin America, perhaps even other places. I would certainly appreciate any insight from Australians who've just went through this, or anybody else with similar experiences, which we may possibly adapt to our local scenarios.

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