liulolo / iStockphoto.com
President Trump’s decision to pull the US out of the Trans-Pacific Partnership trade deal may have particularly pernicious consequences for the pharmaceutical and biotechnology industries, writes Kevin Noonan of McDonnell Boehnen Hulbert & Berghoff.
As one of the first acts of his presidency, Donald Trump informed the heads of 11 Pacific Rim countries (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam) that the US would not ratify the Trans-Pacific Partnership (TPP) treaty.
This action fulfilled a pledge that was part of his Presidential campaign speech and a large part of his appeal to his supporters, based on an apparent disdain for international trade agreements and their effects on the job market in the US.
Trump’s stated reasons for reneging on US support for the treaty, reiterated many times last year, was that the treaty was bad for American workers and part of a pattern of trade agreements that had taken jobs from them and encouraged businesses to place capital and production capacity offshore in favour of countries where labour was cheaper than in the US.
Life Sciences Intellectual Property Review (LSIPR) tracks the increasing challenges for intellectual property specialists in the rapidly evolving world of life sciences. From gene patents to stem cell research, we provide the very best news and analysis.
To continue reading this article and to access 4,500+ articles, our digital magazines and special reports published for LSIPR subscribers only then you will need a subscription.
If you are already subscribed please login.
Official LSIPR subscribers include:
Allen & Overy
Arnold & Siedsma
Birch, Stewart, Kolasch & Birch LLP (BSKB)
Carpmaels & Ransford
Cooley
European Patent Office
Finnegan LLP
GH Research
Gowling WLG
George Washington Law School
HGF Limited
IQVIA
Kirkland & Ellis International LLP
Marks & Clerk
Mintz Levin
NiKang Therapeutics Inc.
Powell Gilbert LLP
Procopio, Cory, Hargreaves & Savitch LLP
Taylor Wessing
The United States Patent and Trademark Office (USPTO)
Valea AB
World Intellectual Property Office
For multi-user price options, or to check if your company has an existing subscription we can add you into for FREE, please contact Atif at achoudhury@newtonmedia.co.
If you have any technical issues please email tech support.
Kevin Noonan, McDonnell Boehnen Hulbert & Berghoff, Trans-Pacific Partnership, North American Free Trade Agreement, patent, biotechnology, pharmaceutical,