Senator Rick Scott Jumps into the Race to the Bottom on Global Drug Index Pricing
HHS Secretary Azar and Sen. Bernie Sanders Lead "Race to the Bottom"
Recently, Sen. Rick Scott (R-FL) introduced S. 977, the “Transparent Drug Pricing Act.” This bill is another attempt to curb prescription drug prices by starting a race to the bottom. S. 977 would prevent pharmaceutical companies from charging a retail price for a drug that is higher than the lowest cost for the same drug found in five other countries: Canada, France, Germany, Japan and the United Kingdom (U.K.). This scheme links drug prices on prices paid in a handful of countries with socialized medicine, where government bureaucrats undervalue and tightly ration access to lifesaving drugs developed here in America. It’s a ridiculous, dangerous idea that flies in the face of the President’s promise to unleash free market forces into the health care industry, and put a stop to decades of exploitation of U.S. intellectual property by foreign governments.
Trade Alliance to Promote Prosperity Urges Opposition to S. 977, the Transparent Drug Pricing Act
TAPP Applauds Members of Congress for passing the Music Modernization Act
“A race to the bottom” that nobody wins. That might be the best way to describe a hastily drawn, Bernie Sanders-inspired “International Price Index” scheme by Health & Human Services (HHS) Secretary Alex Azar to base U.S. Medicare Part B drug prices on prices paid in a handful of countries with…
The Economic Impact of The Power of Sweet: How Sweet it Really is!
Trade Alliance to Promote Prosperity (TAPP) applauds the efforts of Congress for passing the Music Modernization Act (MMA) last week. The Music Modernization Act creates a music licensing system and updates copyright law to help ensure songwriters are paid…
TAPP Supports REINS Amendment to Foreign Investment Risk Review Modernization Act (FIRRMA)
It’s all about the jobs. And it’s all about jobs here in America. The confectionery industry is over-performing and creating jobs left and right, so, let’s break down how sweet it really is…
IP Protections Necessary in NAFTA Negotiations
Trade Alliance to Promote Prosperity (TAPP) urges the Senate Banking Committee to include the amendment to S. 2098, the Foreign Investment Risk Review Modernization Act of 2017 (FIRRMA), that includes the REINS Act, during floor consideration. The REINS act provides Executive Branch accountability and ensures fair access to legitimate foreign investment in our economy.
World IP Day: To the Strongest Innovators Powering Change
TAPP supports a robust, codified and enforceable IP chapter in any modernized NAFTA agreement. As NAFTA negotiators rush to reach a mutually beneficial modernized agreement, we urge the USTR to immediately focus attention on the Intellectual Property (IP) chapter.
It is critical that any agreement in principle includes the highest possible IP standards consistent with those put forth..
The Hill: Intellectual property protections should be at forefront of NAFTA discussions
On this Thursday, April 26, we celebrate World IP Day. The event, started by the Global Innovation Policy Center is an annual celebration of innovation, creative ideas, and all the laws that protect intellectual property (IP). This year, World IP Day will be centered around some of the strongest women in the industry.
The theme “Powering Change: Women and innovation and creativity,”...
Supporting the Sugar Policy Modernization Act of 2017
Originially published in The Hill on 03/23/18 03:15 PM EDT
A recent Morning Consult poll, conducted on behalf of ACTION for Trade showed that 73 percent of respondents believe that the...
On Round Three, There’s Still Room for Improvement with NAFTA
To keep advancing our market and our economy, it is crucial that we advocate for proper legal reforms that benefit our consumers, taxpayers and all the small-business owners across the country. The Trade Alliance to Promote Prosperity, along with other organizations, directed a letter to senators and representatives, urging them to support the Sugar Policy Modernization Act of 2017, S. 2086...
Renegotiating NAFTA: Improvement, Not Withdrawal.
The third round of negotiations for the North American Trade Agreement (NAFTA) came to an end over the past weeks – and trade officials from the U.S, Canada, and Mexico managed to reach consensus on some matters. However, a level of skepticism still remains as the three countries have yet to discuss the most divisive issues, such as the arbitration panels for disputes established in NAFTA’s...
Mr. Vishal Amin, new Intellectual Property Enforcement Coordinator
As renegotiations of the North American Free Trade Agreement (NAFTA) begin to take place, a concerning scenario in which the United States decides to withdraw from the agreement has become main discussion among industries, trade associations, and the millions of workers whose jobs would be affected if the U.S walked out of NAFTA.
The agreement, which was established in 1994 with our...
Why We Should Continue to Engage with Cuba
Mr. Vishal Amin, new Intellectual Property Enforcement Coordinator: On Thursday, August 3rd 2017, the Senate unanimously confirmed Mr. Vishal Amin,as the new Intellectual Property Enforcement Coordinator (IPEC) for the White House, a highly qualified nominee to assume this position.
Nominated by President Trump, Mr Amin currently serves as a Senior Counsel on the house Judiciary...
Branstad's New Role As Chinese Ambassador Means Hope for U.S. Agriculture
While the United States continues to make progress in establishing opportunities for trade and economic growth with other countries around the world, we must not ignore the same opportunities presented only 100 miles away from our border, with our neighbor Cuba.
Recent reports suggesting the Trump administration may roll back progress made between America and Cuba have raised concern...
Coalition Groups Encourage Newly Confirmed USTR Lighthizer to Modernize NAFTA
Iowa Governor Terry Branstad has been named U.S. Ambassador to China after an 83-13 Senate vote, making him the fifth confirmed ambassador of the Trump administration. In his new role, Branstad will assume responsibility for creating a positive diplomatic relationship between the Untied States and China, with far reaching implications in areas such as national security and trade.
US Should Forge New Pro-Trade Path Under Lighthizer
May 17, 2017
United States Trade Representative
Office of United States Trade Representative
600 17th Street, NW Washington, D.C. 20006
Dear Ambassador Lighthizer,
On behalf of the following organizations representing millions of Americans, we write to congratulate you on your confirmation...
TAPP Celebrates the First Step Toward a Bilateral Agreement Between the United States and China
Finally, after four months of waiting, the United States has a new Trade Representative – Robert Lighthizer. Lighthizer steps in as USTR during what could potentially be a large shift in American trade policy under the Trump administration. Lighthizer’s career has, on paper, prepared him well for the role, which has taken on a new importance following trade-related tension in relationships...
On World IP Day, There is more Work to be Done!
The recent announcement from Secretary of Commerce, Wilbur Ross, explained the first results of negotiations between the United States and China as part of a trade agreement. The 10-point deal opens U.S. beef imports to the Chinese market after more than a decade, and also gives China the chance to export poultry...
Roots of Innovation – The Fifth Global IP Index
By Trade Alliance to Promote Prosperity
HAPPY #worldIPday from your friends at the Trade Alliance to Promote Prosperity!!
Every April 26 we commemorate World Intellectual Property Day to highlight the benefits provided by IP. Because of IP, entrepreneurs, thinkers, creators, and doers are able to innovate and create in the globalized market of ideas and products. This commemoration was established by the World Intellectual...
UN Secretary’s Report Hits Close to Home for Minnesota Med Tech
Today the U.S. Chamber of Commerce’s Global Intellectual Property Center released their fifth annual Global Intellectual Property Index, highlighting the best and worst international players when it comes to protecting intellectual property. Titled, The Roots of Innovation – the United States, United Kingdom and Germany rounded out the top three countries credited for protecting intellectual...
By Patrick Rosenstiel
For many Minnesotans, the business of the United Nations may seem worlds away. With this in mind, it is no surprise that many probably did not hear about the UN Secretary General’s Panel on Access to Medicine and its accompanying report, which was released in mid-September. The purpose of this panel was an important one. Their goal was to understand how lifesaving improvements in medicine,...