Malaysia Might Reject the Trans-Pacific PartnershipAdded: Wednesday, August 22nd, 2012
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After the limitations and exceptions of Trans-Pacific Partnership were leaked, the Australian government was criticized by the opposition parties. Moreover, Malaysia is already considering saying “no” to the treaty.
The Trans-Pacific Partnership is an agreement that would allow entertainment industry to be above any country’s legislation, as long as their headquarters is situated abroad; monopolize the web through “three-strikes” graduated response system; also impose further restrictions to the consumer. This is not the complete list.
In the meantime, the media reports revealed that Malaysia was against this agreement, which seeks to extend the patent periods of medicines by foreign companies. According to the country’s Health Minister, the treaty, negotiated among 11 countries including the United States and Malaysia, would appear detrimental to the local medical industry.
Malaysia claimed it was against the patent extension: the Trans-Pacific Partnership demanded that if a medicine is launched in the United States, and then 3 years later in Malaysia, the patent would start from when the medicine was launched in Malaysia, which is unfair. In other words, the treaty in effect would make healthcare less affordable to the citizens of Malaysia.
Meanwhile, Malaysia isn’t the first to raise a voice against this agreement. Australia’s Green Party has already been pressing its country’s government on the problems raised by the TPP. Greens Senator insists that the treaty, if the US gets its way, will led to big problems for the country.
In response, the Australian government is not just making attempts to justify the treaty, but is also planning a cost-benefit analysis in order to find proof that it would be in everyone’s benefit. On the contrary, local Pirate Party argued back in May that the agreement has no economic benefits at all.
The list of countries that have problems with the Trans-Pacific Partnership also includes Japan. The local press said that amid prolonged political turmoil, it had become almost impossible for the country to join talks on the TPP free trade accord before the end of 2012.
Hopefully, the Trans-Pacific Partnership will soon share the fate of Anti-Counterfeiting Trade Agreement and, once again, bring the dreams of the entertainment industry back in the dirt.
August 22nd,2012Posted by:
Wednesday, August 22nd, 2012No comments
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