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.


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