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Free Trade

Wikileaks Publishes Updated Intellectual Property TPP Chapter

Today, Thursday 16 October 2014, WikiLeaks released a second updated version of the Trans-Pacific Partnership (TPP) Intellectual Property Rights Chapter. The TPP is the world's largest economic trade agreement that will, if it comes into force, encompass more than 40 per cent of the world's GDP. The IP Chapter covers topics from pharmaceuticals, patent registrations and copyright issues to digital rights. Experts say it will affect freedom of information, civil liberties and access to medicines globally. The WikiLeaks release comes ahead of a Chief Negotiators' meeting in Canberra on 19 October 2014, which is followed by what is meant to be a decisive Ministerial meeting in Sydney on 25–27 October. Despite the wide-ranging effects on the global population, the TPP is currently being negotiated in total secrecy by 12 countries. Few people, even within the negotiating countries' governments, have access to the full text of the draft agreement and the public, who it will affect most, none at all.

It’s Time For A Final Break With ‘Free Trade’

The Transatlantic Trade and Investment Partnership (TTIP) might just push people on both sides of the Atlantic over the edge. The ideology of “free trade” reminds me of my ex-girlfriend telling me not to make promises I cannot keep. From Adam Smith to Bill Clinton, elites have contended that “free trade” means less war and more jobs. To be more precise, “free trade” is freedom. In its most recent history, its promise of growth and prosperity has remained unfulfilled, however. Economic growth remains sluggish despite trade barriers being at an all-time low. While I continued to make promises, world leaders continue trying to stretch the boundaries of the possible once again. The latest promise of free trade comes in form of the Transatlantic Trade and Investment Partnership (TTIP), a free trade zone stretching from the Baltic Sea to the Hawaiian Islands. Just as my girlfriend grew discontented with my promises and broke up with me, peoples across the globe have grown outright hostile to free trade. TTIP might just push people on both sides of the Atlantic over the edge.
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