Original article by Geoff Winestock
The Australian Financial Review – Page: 7 : 31-Jul-15

Pascal Lamy has downplayed the likely impact of the proposed Trans-Pacific Partnership (TPP) on the global economy. The former director-general of the World Trade Organization notes that the US seems reluctant to make any significant trade concessions as part of the TPP process. He also warns that the price of drugs will rise if the US succeeds in having patent protection for the pharmaceutical industry extended to 15 years.

CORPORATES
TRANS-PACIFIC PARTNERSHIP, WORLD TRADE ORGANIZATION, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BOAO FORUM FOR ASIA, NATIONAL PARTY OF AUSTRALIA, PHILIP MORRIS ASIA INCORPORATED