Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


TPP study speculation wildly misleading

Media statement Wednesday, February 5th, 2014


TPP study speculation wildly misleading


The 'new' study said to cast doubt on the likely benefits of the Trans Pacific Partnership deal is without any merit as it based on pure speculation, the Employers and Manufacturers Association says.

"So called studies of this kind bring the credibility of New Zealand academic research into disrepute," said Kim Campbell, EMA's chief executive.

"The report by the Sustainability Council says clauses in the TPP could side line local courts, reduce national sovereignty and weaken regulatory autonomy and would therefore reduce the value of the TPP.

"But there is no evidence there will be any such clauses in the final agreement.

"The study is mere speculation, premature and wildly misleading.

"It fails to factor in the big cost to New Zealand if it were to proceed and we were not part of it.

"On the other hand if it does proceed with New Zealand participation, our standard of living would be enhanced as a result of the extremely handsome trade gains we believe would be made.

"Yet without the final agreement we can't guess the extent of the benefits even though, with Japan, Canada and Mexico's involvement, the potential is highly attractive.

"The Foreign Direct Investment factor is likely to be only a small though important component of the total benefit. The report ignores that FDI increases the pot of investment funds available inside the country even if such investment goes into existing assets or businesses.

"We also note all estimates of the benefits of the free trade agreement with China were vastly understated."


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

R18: The Warehouse Group Praised For Removing Games

The decision by New Zealand’s largest retailer The Warehouse Group (TW Group), to withdraw stocks of the latest version of Grand Theft Auto V (GTA V) and other R18 games, has been praised by advocacy group Stop Demand Foundation. More>>

ALSO:

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news