{"id":17188,"date":"2015-09-09T00:00:00","date_gmt":"2015-09-08T16:00:00","guid":{"rendered":"https:\/\/fass.nus.edu.sg\/srn\/2015\/09\/09\/tpp-raised-spectre-of-higher-drug-prices\/"},"modified":"2020-09-28T23:56:54","modified_gmt":"2020-09-28T15:56:54","slug":"tpp-raised-spectre-of-higher-drug-prices","status":"publish","type":"post","link":"https:\/\/fass.nus.edu.sg\/srn\/2015\/09\/09\/tpp-raised-spectre-of-higher-drug-prices\/","title":{"rendered":"TPP raised spectre of higher drug prices"},"content":{"rendered":"<div><span style=\"font-family: 'Times New Roman', serif; font-size: medium;\"><span style=\"color: black; font-family: Calibri, sans-serif;\">Trans-Pacific Partnership (TPP) is\u00a0a multilateral free-trade agreement currently being negotiated\u00a0among 12 countries including Singapore.<\/span> <span style=\"color: black; font-family: Calibri, sans-serif;\">But\u00a0the\u00a0ministers failed to conclude the negotiations last month. Why?<\/span><\/span><\/div>\n<div><span style=\"font-family: 'Times New Roman', serif; font-size: medium;\"><span style=\"color: black; font-family: Calibri, sans-serif;\">The only stumbling block\u00a0is intellectual property (IP)\u00a0rights.\u00a0The US is pushing new rules that it claims will protect and promote US exports of IP-intensive products and services throughout the Asia-Pacific region. In\u00a0&#8216;TPP raised spectre of higher drug prices&#8217;, Prof Ivan Png (Dept. of Economics<\/span><span style=\"color: black; font-family: Calibri, sans-serif;\">\u00a0and Dept. of Strategy &amp; Policy<\/span><span style=\"color: black; font-family: Calibri, sans-serif;\">) highlights how the current\u00a0<\/span><span style=\"color: black; font-family: Calibri, sans-serif;\">Agreement on Trade-Related Aspects of Intellectual Property Rights (T<\/span><span style=\"font-family: Calibri, sans-serif;\">rips<\/span><span style=\"color: black; font-family: Calibri, sans-serif;\">) is sufficient and any\u00a0possible changes of IP rights\u00a0would clearly benefit particular US industries but it will cost the consumers and businesses in other TPP countries.\u00a0<\/span><span style=\"color: black; font-family: Calibri, sans-serif;\"><br \/>\n<\/span><span style=\"color: black; font-family: Calibri, sans-serif;\"><br \/>\n<\/span><\/span><\/div>\n<div><span style=\"font-family: 'Times New Roman', serif; font-size: medium;\"><span style=\"color: black; font-family: Calibri, sans-serif;\">Click here for the article:<\/span><\/span><\/div>\n<div><span style=\"font-family: 'Times New Roman', serif; font-size: medium;\"><a href=\"http:\/\/www.straitstimes.com\/opinion\/tpp-raises-spectre-of-higher-drug-prices\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-family: Calibri, sans-serif;\">http:\/\/www.straitstimes.com\/opinion\/tpp-raises-spectre-of-higher-drug-prices<\/span><\/a><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trans-Pacific Partnership (TPP) is\u00a0a multilateral free-trade agreement currently being negotiated\u00a0among 12 countries including Singapore. But\u00a0the\u00a0ministers failed to conclude the negotiations last month. Why? The only stumbling block\u00a0is intellectual property (IP)\u00a0rights.\u00a0The US is pushing new rules that it claims will protect and promote US exports of IP-intensive products and services throughout the Asia-Pacific region. In\u00a0&#8216;TPP raised [&hellip;]<\/p>\n","protected":false},"author":247,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4529],"tags":[],"class_list":["post-17188","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/posts\/17188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/comments?post=17188"}],"version-history":[{"count":1,"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/posts\/17188\/revisions"}],"predecessor-version":[{"id":26152,"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/posts\/17188\/revisions\/26152"}],"wp:attachment":[{"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/media?parent=17188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/categories?post=17188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/tags?post=17188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}