Chile Minister Wants U.S. concessions in TPP

Unlike most countries involved in the negotiations, I respect Chile for remaining steadfast in their demands.  According to Bloomberg news article (http://www.bna.com/chile-minister-wants-n17179934929/) Chile isn’t going to budge unless the United States gives Chile what it wants.  It seems as if the U.S. has been the “problem child” during the process.  They are demanding so much from the other countries, yet seemed to be the most egregious when it comes to making sacrifices.  For instance, the United States wants to extend the length of patents on biological pharmaceuticals beyond the five years as mandated per Chile’s law.  If Chile agreed to this, there’s no indication as to how much inflation would take place in the pharmacy products in Chile.   The U.S. has also demanded for Chile to have the authority to “revise implementing legislation in member countries.”  However, Chile will not sign anything until the U.S. softens its provisions.  This could definitely prolong the TPP signing, and it may cause other countries to follow suit if Chile decides to back out the process entirely.

 

Feel free to read the article and see Chile’s take on the TPP.

 

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