Trans-Pacific Partnership - What you need to know

Trans-Pacific Partnership

What you need to know

1 - It’s a lot of pain for no gain.

“A study from Tufts University found TPP will cost Canada 58,000 jobs and increase income inequality. The study from Tufts’ Global Development and Environment Institute found that 10 years after TPP, Canada’s economy would be just 0.28 percent larger…”

2 - It undermines Canadian sovereignty.

“...the Trans-Pacific Partnership...includes an investor-state dispute settlement (ISDS) provision. In short, ISDS gives corporations the power to sue national governments for lost future profits related to public interest legislation, most commonly focused on the protection of the environment. This provision is known as Chapter 11 in the North American Free Trade Agreement (NAFTA).”

3 - Bovine Growth Hormone. Enough said.

“TPP would allow milk from cows receiving hormones into Canada.”

4 - It will make life saving medication more expensive.

“Proposed intellectual property rules in the TPP would limit competition from generic drug manufacturers that reduce drug prices and improve access to treatment, and would accelerate already soaring medicine and vaccine prices. The TPP...is on track to become the most harmful trade pact ever for access to medicines…”

5 - It puts Canadian innovators and entrepreneurs at a disadvantage.

“Michael Geist, a law professor who specializes in intellectual property, agrees the TPP’s copyright provisions could prove costly for Canadian companies, particularly when it comes to lost opportunities. Geist called the treaty’s intellectual-property standards a “failure” and said their impact could be significant because they would govern the increasingly important innovation share of Canada’s economy.”

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