back to article ACCC says Trans-Pacific Partnership's IP bits will hurt competition and consumers

The Australian Competition and Consumer Commission (ACCC) has warned the government its intellectual property (IP) obligations under the Trans Pacific Partnership (TPP) could crimp competition for “decades”. The ACCC, long an advocate for more competitive treatment of IP, has made the warning in its submission (PDF here) to …

  1. Big-nosed Pengie

    Gee - who'd o' thunk it?

    Besides everyone I mean.

  2. MrDamage

    The question remains

    Why the hell was this thing ratified in secret?

    At the very least the ACCC and Fair Trading Commission should have gotten their hands on it to raise these flags before any pens hit paper to sign off on it.

  3. Winkypop Silver badge
    Facepalm

    The government's response...

    Of course, this is just as we planned (with our new corporate buddies)

  4. DougS Silver badge

    Don't worry

    Assuming it takes all countries to pass legislation before it goes into force, you can rest easy since the US is unlikely to pass it anytime soon, if ever. The republicans, who would normally be in favor of anything claiming to be "free trade", have a lot of members very suspicious of it because it was negotiated under a democratic president. A lot of democrats, who would normally be in favor of something a democrat president is backing, have a lot of members very suspicious of it because of worries it will cost jobs in the US (and it doesn't help that said president is only going to be around for another 13 1/2 months anyway)

    If Clinton wins, it probably goes forward IF she cares to push it, if a republican wins they'll probably press to renegotiate some of the terms they think weren't free trade enough, which would likely derail the whole thing.

  5. David Roberts Silver badge

    Um....

    ...no major players then?

  6. Magani
    FAIL

    The meaning of a Fair Trade Agreement as defined by our major 'partner' on the other side of the Pacific:-

    'You play ball with us, and we'll stick the bat right up your donkey <euphemism>'

  7. Youngone Silver badge
    Black Helicopters

    Wrong again

    The ACCC is mistaken if it thinks the purpose of IP is to facilitate competitive IP markets, or competitive anything.

    The purpose of all IP is to stifle competition and entrench incumbents.

    I'm not really sure why they'd think any different.

  8. JJKing Silver badge
    Flame

    I for one do NOT welcome our new corporate overlords.

  9. faddat

    derop

    Isn't that what it was DESIGNED to do in the first place?

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