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

 

Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>

ALSO:

Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO: