arabtoday
Last Updated : GMT 02:17:50
Arab Today, arab today
Arab Today, arab today

Fight over drug protections hampers Pacific trade deal

Arab Today, arab today

Arab Today, arab today Fight over drug protections hampers Pacific trade deal

US Trade Representative Michael Froman(C)
Atlanta - AFP

Negotiations on the huge Pacific trade deal spilled into overtime on Friday with negotiators mainly stuck on how much patent protection to give biologic drugs.

Although talks on the Trans-Pacific Partnership still needed to resolve other issues on auto and dairy trades, officials involved said the main barrier to a final deal is the length of intellectual property (IP) protection for biologics, a promising class of treatments derived from living materials.

The United States, the main driver of the 12-nation TPP free-trade pact, is seeking longer protections than the five years common in many countries.

In the US, pharmaceutical companies get 12 years of IP protection before rivals can produce "biosimilar" copycat drugs that sell more cheaply. But in most countries, the US protections for drug developers are seen as far too long, and costly, for health care systems.

The issue has raised objections from civil society groups and government health programs across many of the countries involved in the negotiations.

Rather than a problem of just cutting tariff or other trade barriers, lengthening protections would in many places require changing well-established national laws and IP protection policies.

According to one source informed on the progress of the talks, strong resistance to Washington's stance was coming from Australia, Chile and Peru.
The talks between top trade officials in an Atlanta hotel were pushed past the original Thursday deadline and by Friday afternoon expectations were that they would extend into the weekend.

In one of the few public comments from negotiators, US Trade Representative Michael Froman, the host and one of the key driving forces behind the TPP talks, said late Thursday that "everyone is working hard to find pragmatic solutions to the difficult outstanding issues."

An official from Canada, which together with Mexico is most concerned with how much the North American auto market will be opened to cars and parts from outside the region under TPP, denied reports that the sensitive issue had been settled.

"Negotiations are continuing on a range of issues, including autos and auto parts," the official said, insisting on anonymity.

"We are making progress towards securing an outcome that protects and creates jobs in our auto sector, and every other sector of the Canadian economy. Nonetheless, more work remains."

Also still undecided is the opening of Canada's and other markets to more dairy products like cheese and milk powders from Australia and New Zealand.

Trade ministers had entered this week's TPP negotiations under pressure to strike a final deal, after their talks in Hawaii two months ago failed. They have already addressed many other issues, including some other industrial and agricultural trade areas, competition with state enterprises, digital economy protections, and investment-dispute mechanisms.

But the details of many of those specific TPP chapters remain secret, with the idea that negotiators will produce a complete, unalterable final document for their governments or legislatures to ratify on an up-or-down basis, with no room left to negotiate.

The TPP would be the world's largest free-trade area, comprising 40 percent of the world economy. The 12 countries in the talks also include Japan, Singapore, Malaysia, Vietnam and Brunei.

Many expect that if a treaty is negotiated and ratified, South Korea and others could quickly join, locking into place a strong set of rules for trade and investment in the Asia-Pacific region.

Since initiating the talks in 2008, the United States has been hoping to establish standards on free trade and intellectual property protection that China would eventually have to heed.

China, however, has already begun trying to set up its own Asia trade agreement, which analysts worry could take concrete shape if TPP talks fail.

Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fight over drug protections hampers pacific trade deal Arab Today, arab today fight over drug protections hampers pacific trade deal

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today At Milaidhoo Island, Maldives

GMT 08:42 2016 Wednesday ,07 December

At Milaidhoo Island, Maldives
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today As West watches Aleppo slip away

GMT 08:15 2016 Saturday ,10 December

As West watches Aleppo slip away
Arab Today, arab today 'Rookie' Trump must fall into line

GMT 08:02 2016 Tuesday ,06 December

'Rookie' Trump must fall into line
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today The summer school raising aspirations

GMT 12:49 2016 Tuesday ,06 December

The summer school raising aspirations
Arab Today, arab today Ryan Gosling, Emma Stone immortalized

GMT 12:31 2016 Thursday ,08 December

Ryan Gosling, Emma Stone immortalized
Arab Today, arab today Australia's Rinehart, China group

GMT 10:02 2016 Friday ,09 December

Australia's Rinehart, China group
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today Kirk Douglas at 100, still in love

GMT 12:19 2016 Thursday ,08 December

Kirk Douglas at 100, still in love
Arab Today, arab today Swiss unveil stratospheric solar plane

GMT 13:47 2016 Thursday ,08 December

Swiss unveil stratospheric solar plane

GMT 10:48 2016 Tuesday ,06 December

France bets on Bollywood

GMT 10:52 2016 Tuesday ,06 December

Vanessa Redgrave makes directing

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 11:39 2016 Tuesday ,06 December

Indonesia expands protection

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 13:17 2016 Friday ,25 November

Ajman Tourism launches time capsule

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 14:08 2016 Saturday ,10 December

Samsung Galaxy A8 arrives in Saudi market

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday