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Pharmaceuticals, Intellectual Property and Free Trade: The Case of the US-Australia Free Trade Agreement

Drahos, Peter; Lokuge, Buddhima; Faunce, Thomas; Goddard, Martyn; Henry, David A

Description

Australia did poorly in several key areas of the recently completed free trade agreement with the US. It failed to insulate the Pharmaceutical Benefits Scheme (PBS) from significant change, and conceded to increased intellectual property standards. The PBS, as a system of effective bargaining with multinational pharmaceutical firms, has been deeply compromised and higher drug prices can be expected over time. The intellectual property chapter strengthens the position of patent owners and...[Show more]

CollectionsANU Research Publications
Date published: 2004
Type: Journal article
URI: http://hdl.handle.net/1885/81027
Source: Prometheus
DOI: 10.1080/0810902042000255705

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