Australia will not be signing the current TPP deal

THE office for Federal Trade Minister Andrew Robb have confirmed Australia will not be signing the current round of the TPP deal, AAP reports. 

Negotiations broke down between the USA and Japan over the automotive industry and New Zealand refused to go ahead over their dairy industry. 

While the National Farmers Federation have expressed disappointment over the deal's collapse, the failure means relief for those predicting severely increased medical and pharmaceutical prices as well as foreign control of state broadcasters and copyright. 

US drug companies had been pitching for a 12-year protection on data used to develop biologic drugs while the rest of the involved parties pushed for five.

"The US was on one side of the issue, while practically every other country were on the other side," a source from a non-US negotiaion team told the ABC.

"Neither side was prepared to move and all claimed it as a red-line issue."



Woman allegedly blows six times over the legal limit

premium_icon Woman allegedly blows six times over the legal limit

Female driver to face court after staggering roadside reading

Supermarkets’ desperate bag ploy

Supermarkets’ desperate bag ploy

Coles and Woolworths to reward customers who bring their own bags.

Petition to keep City Square kiosks

Petition to keep City Square kiosks

Some businesses are worried about the latest City Square plan

Local Partners