“The announcement of ‘in-principle’ agreement for an Australia UK free trade agreement continues the unacceptable government secrecy about the details of the
agreement,” Dr Patricia Ranald, AFTINET Convenor said today.
“The negotiations are secret and only selected titbits are announced to avoid public scrutiny about other possibly
harmful details of the agreement. We won’t see the full text until agreement is signed and the text is released after
several months,” said Dr Ranald
“The agreement is not only about tariffs on beef and wine. It has up to 30 chapters that create common rules for
corporations but restrict future government regulation, ranging from essential services like aged care and digital data
privacy to numbers of vulnerable temporary workers,” said Dr Ranald.
“The UK trade Minister confirmed in parliament last month that the UK was still pursuing special rights for global corporations to sue governments for millions if
they could claim that a change the law or policy harmed their investment, known as Investor-State Dispute Settlement or
ISDS,” said Dr Ranald
“This would give UK mining companies like Rio Tinto the right to claim compensation for new laws to protect Indigenous heritage areas, and UK aged care companies like Bupa the right to claim compensation
for new regulation arising from recommendations of the aged care Royal Commission,” said Dr Ranald
“The UK has also said it its negotiating objectives that it wants to preserve its “existing IP standards” which include rules for longer medicine monopolies than Australia
has. Pharmaceutical companies already have 20 year monopolies on new medicines.”
“The UK has additional monopoly of up to 10 years for data protection before data is released for production of cheaper
medicines. The current Australian standard is five years. The UK standard would delay the availability of cheaper
medicines in Australia for up to 5 years, costing the Pharmaceutical Benefits Scheme hundreds of millions of dollars per
year,” said Dr Ranald
“There has been no independent Australian assessment of the economic and social costs and benefits of this agreement,”
said Dr Ranald.
“We call on the Australian government to release the text for public scrutiny and independent assessment of its costs
and benefits before it is signed so that everyone can see what is being traded away and the government can be held
accountable before the deal is done,” said Dr Ranald.