08:07 GMT +317 November 2019
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    Demonstrators protest against the legislation to give US President Barack Obama fast-track authority to advance trade deals, including the Trans-Pacific Partnership (TPP), during a protest march on Capitol Hill in Washington

    Trans-Pacific Trade Deal to Boost Food, Medicine Costs - Advocacy Group

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    The recently completed 12-nation Trans-Pacific Partnership (TPP) free trade agreement will be a disaster for agriculture and affordable medicine, activist group Global Justice Now head Nick Dearden said in a statement.

    WASHINGTON (Sputnik) The controversial TPP deal includes the United States and 11 other nations of the Pacific Rim region, covering about 40 percent of the global economy. Streamlining the process of goods sales between participating member states, the deal is considered by critics to be biased toward multinational corporations.

    "Medicine prices will rise as Big Pharma [pharmaceuticals industry] gets more power to monopolize markets. Small farmers will suffer from unfair competition with industrial scale agribusiness. No wonder this has been agreed in secret," Dearden said Monday.

    Dearden added that portions of the deal leaked online detail methods in which large multinational corporations could sidestep and, in some cases outright ignore, the laws of a sovereign nation in the interests of shareholder profit.

    Uncertain implications for workers’ rights, employment, copyrights, sovereignty and the environment have drawn heavy criticism to the TPP from many members of government, as well as labor unions and watchdogs.

    Global Justice Now, based in London, England, is a publicly-funded social justice organization seeking a just and equal world, according to the group’s website.

    Related:

    International Community Must Stop TPP From Ratification - NGO
    TPP Negotiation Secrecy Makes Deal's Cost–Benefit Analysis Impossible - NGO
    TPP Deal Paves Way to New Generation of Trade Integration Efforts
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    cost, food, medicine, TPP, United States
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