Read The Times Australia

Daily Bulletin

Last to know: the European Union knows more about our trade talks than we do

  • Written by: Patricia Ranald, Honorary research fellow, University of Sydney

In the negotiations for an Australia-European Union Free Trade Agreement at present underway, the European Union is pushing for longer monopolies on medicines for its pharmaceutical companies.

If it gets them, Australians will wait longer for cheaper versions of those medicines.

It is important information, but we are only aware of it because (unlike Australia) the European Union publishes its trade negotiating positions.

Ours have long been kept secret, even from us.

Next week the parliament’s Joint Standing Committee on Treaties will hold a hearing into whether we should change the system to make sure we know more.

The government itself commissioned the inquiry after the committee’s investigation into the Australia-Hong Kong and Indonesian free trade agreements recommended it give

due consideration to implementing a process through which independent modelling and analysis of a proposed trade agreement is undertaken in the future by the Productivity Commission or equivalent organisation

At the moment the committee only gets to see trade agreements after they have been signed, meaning (literally) that the Australian people don’t get to know what their government is a bout to sign until after it has signed it.

We don’t get to see what we are about to sign

Afterwards, the parliamentary committee is effectively limited to saying yes to ratification (the final step after signing) or no. It can’t suggest changes to the text.

Nor can the parliament, which only gets to vote on the enabling legislation. Some parts of agreements, including some that constitute binding commitments, are not included in that legislation.

Last to know: the European Union knows more about our trade talks than we do No independent analyses of free trade treaties.

The committee’s recommendation follows similar recommendations by previous inquiries, and a plea by the Productivity Commission for independent modelling of likely outcomes before negotiations begin, and and an independent public assessment of agreements after they are concluded, but before they are signed.

The Commission says the current arrangements lack transparency and tend to oversell the likely benefits.

The so-called national interest analyses and regulatory impact statements prepared by negotiators are delivered after the agreements have been signed and so far have always recommended they be ratified.

The agreements deal with more than trade.

One reason is that Australia already has very low or zero tariffs. Negotiators from other countries need to obtain other concessions.

Read more: It's more than a free trade agreement. But what exactly have Australia and Indonesia signed?

The Comprehensive and Progressive Trans-Pacific Partnership ratified by Australia in 2018 has chapters dealing with the regulation of essential services such as medicines, education, aged care, childcare, energy, financial and digital services, as well as foreign investment, labour and environment regulations and government procurement and product standards.

The European Union, the United States and Japan use the negotiations to fight for longer monopolies on medicines. Investors use them to obtain the right to sue governments; copyright owners use them to achieve longer copyright terms.

What’s needed?

The committee could recommend that government table in parliament a document setting out its priorities and objectives at the start of each negotiation.

It could also recommend the release of updates and negotiating texts, European Union style, and the release of the final text of agreements before they are signed.

It could recommend an independent analysis of the costs and benefits of proposed agreements of the kind suggested by the Productivity Commission, both before signing, and also some years after signing to get an idea of whether they have lived up to their promise.

Read more: When even winning is losing. The surprising cost of defeating Philip Morris over plain packaging

It could consider the health, environment and gender impacts, as well as the economic impacts.

And it could recommend that the parliament rather than the executive be given the role of agreeing to whole treaties, something legal experts say would permitted by the Constitution.

These changes would give us a better idea of what’s being negotiated in our name.

Authors: Patricia Ranald, Honorary research fellow, University of Sydney

Read more https://theconversation.com/last-to-know-the-european-union-knows-more-about-our-trade-talks-than-we-do-144196

Business News

How Telematics Helps Australian Companies Improve Productivity

Operating a commercial fleet in Australia is a uniquely demanding endeavour. Between the sprawling urban sprawl of cities like Sydney and Melbourne and the immense, unforgiving stretches of the Outb...

Daily Bulletin - avatar Daily Bulletin

Inside the Icon: The BridgeMuseum Officially Opens at the Sydney Harbour Bridge

A bold new way to experience one of Australia’s most recognisable landmarks has arrived, with BridgeClimb Sydney officially opening the all-new BridgeMuseum.  Located inside the Sydney Harbour Brid...

Daily Bulletin - avatar Daily Bulletin

Is Your Brand Showing Up in AI Search? Most Melbourne Brands Aren't.

The New Front Door Nobody Told You About Something changed. Quietly. Without a press release. The way buyers find businesses in Australia has been rewired. Not replaced, rewired. Google isn't dead...

Daily Bulletin - avatar Daily Bulletin

How Australian Businesses Can Measure SEO ROI

SEO can feel vague when you are staring at a dashboard full of numbers that do not clearly connect to revenue. The key is to measure the right signals in the right order, then tie them back to outcome...

Daily Bulletin - avatar Daily Bulletin

How Commercial Roller Shutters Improve Site Security Without Slowing Operations

Security upgrades can be frustrating when they make everyday work harder. A door that takes too long to open, creates bottlenecks at shift change, or fails at the worst time can turn “better protectio...

Daily Bulletin - avatar Daily Bulletin

Why a Document Destruction Service Still Matters for Modern Businesses

Businesses generate large volumes of information every day, from staff records and contracts to invoices, reports and customer files. While attention often focuses on how documents are stored, the way...

Daily Bulletin - avatar Daily Bulletin

Bicycle Rack Safety and Space-Smart Storage

Bike storage problems usually show up as small annoyances first: tangled handlebars, scratched frames, and bikes that topple when you pull one out. Over time, those issues become safety risks, especia...

Daily Bulletin - avatar Daily Bulletin

How to Tell if a Childcare Centre Is a Good Fit for Your Child

Choosing childcare can feel like you’re making a huge decision with limited information. Tours are short, centres are often on their best behaviour, and your child might act differently in a new space...

Daily Bulletin - avatar Daily Bulletin

Car Import Timeline: What Usually Happens at Each Stage

Importing a car into Australia can feel confusing because multiple agencies and checkpoints are involved, and the timeline is shaped as much by paperwork quality as it is by shipping speed. The most u...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

Gold Migration Lawyers in Liquidation: How the Closure Affects Your ART Appeal

If your appeal was with Gold Migration Lawyers, a recent change to how the Tribunal decides cases ...

The pressure cooker: life in urban Australia in 2026

Australian cities have always been demanding. Long commutes, rising housing costs, busy schedules a...

What Actually Makes a Good Criminal Lawyer in Melbourne

Most people only think about this question once. That is usually too late. Most people charged wi...

Why Working With A Chatswood Tutor Can Improve Academic Performance

Academic expectations continue increasing for students across primary school, high school, and senio...

Is It Worth Getting Solar Panels in Melbourne?

The real question is not whether solar works in Melbourne. It works. The question is what it is co...

How A Diploma Of Project Management Builds Practical Skills For Modern Work Environments

Developing the ability to plan, execute, and deliver outcomes efficiently is a key requirement in to...

How to Choose the Right Football for Every Level

Choosing a football may seem straightforward, but the right option depends on who will be using it a...

What to Ask a Wedding Photographer Before You Book

Booking a wedding photographer can feel deceptively simple: you like the photos, you like the vibe...

Why Stress Relief For Dogs Is Essential For Emotional Balance And Long-Term Wellbeing

Managing emotional health is just as important as physical care when it comes to pets, which is why ...