ISDS Case Map
New Zealand
Pharmac is being targeted by US drug companies as trade negotiations continue with the United States.
Canadians spend a lot of money (public and private) on health care and much of that is spent on drugs — some $23.4 billion in 2008. Provincial insurance plans are desperately trying to cope, looking to initiatives like the recently passed Ontario law that caps prices of generic drugs at 25 per cent of the brand name equivalent.
Labour leader Phil Goff says his party would not put government drug buying agency Pharmac on the block to gain a free trade deal with the United States.
The Green Party is calling on the Government to take Pharmac off the table in Trans Tasman Partnership (TTP) negotiations.
Trade Minister Tim Groser is optimistic key elements of the Trans-Pacific Partnership (TPP) agreement will be hammered out at a meeting of Apec trade ministers in the United States this week.
Some of New Zealand's most prominent businesspeople are rallying to the support of drug buying body Pharmac as lobbying firm Saunders Unsworth mounts a campaign against the agency ahead of free trade negotiations with the US.
The controversial Trans Pacific Partnership Agreement (TPPA) is under fire over human rights issues.
New Zealand and India want to fast track a proposed free trade agreement that will treble trade between the two countries from $1.2 billion to $3b by 2014.
New Zealand will offer greater market access to Indian professionals in the proposed free trade pact the two countries are currently negotiating, Trade Minister Tim Groser said here today.
Indonesia's Industry Minister MS Hidayat has asked for a postponement of the free-trade agreement between Indonesia, Australia and New Zealand to allow for further study.
