A brief recap The TPP in four easy steps (and one really tough one): What? Who? Where? When? Why?
Dong, Dollars, Peso, Ringgit: Combined GDP = US$21 trillion. Value to NZ = US$2.9 billion per year. We don’t want to get left behind: 4 of our top 10 trading partners are negotiating the TPP. Potential TPP benefits
Concerns about the IP chapter People opposed to the TPP fear: Longer copyrights. Less copyright exceptions. More software patents. Laws protecting TPMs. A ban on parallel imports.
Ban on parallel imports Article 4, IP chapter lets licensees: Stop the importation of books, sound recordings, computer programs and so on into their territory. A footnote extends that right to “a broader range of goods”.
About parallel imports What is parallel importing? It’s the importation of lawfully- manufactured goods from overseas. It dodges local distributors who charge more for the same product. It takes advantage of better retail prices in other countries.
Different countries, different prices Why do prices vary between countries? Different exchange rates. Multinationals set different prices in different regions. Peaks and troughs of different economies.
Better prices, quicker distribution Samsung Galaxy Note II Blackberry Z10
Common parallel import problems: No support from official distributors. Repairs can take longer. Foreign manuals; incompatible plugs. Wiring not up to standard. Concerns about perishable goods. Problems with parallel imports
Parallel imports offer consumers: Better prices. Greater variety. Quicker distribution. Parallel imports in a nutshell