TPP not a free trade agreement.

An article by Stiglitz: This is saying that TPP, is creating managed trade, not free trade. For two reasons:

First, by protecting patent right by too much, it actually dis-encourage

(A question here: do too much patent right encourage or discourage innovation?)

Second, it can be used as a weapon against country’s regulations. The tabacco industry is an example. TPP is used a weapon so government cannot post signs such as “smoking hurts health” on the label, and in other times the public have to pay for the profit lost due to government regulations.

Third, we probably know, the tariff is already quite low, and what’s remaining are industries that are hardest to move. Australia’s agriculture, New Zealand’s diary, et al.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s