April 8, 2009

Rocky Road for Andean Free Trade Pact

Peru, Colombia and Ecuador are holding a second round of free-trade talks with the European Union, after but without the support of neighboring Bolivia.

Latin American Press, a nonprofit outlet with a focus on human rights, reports that Bolivia left the talks in November, along with Ecuador, which rejoined negotiations in January.

Critics said that E.U. wants patent and intellectual property rules that would favor European pharmaceutical companies, raising prices for drugs and increasing the wait for generic drugs to hit the market.

–Julia Hengst/Newsdesk.org

“Trade pact threatens integration”
Latin American Press, April 1, 2009

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