Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

NZ Being Caught In New Cold War - US/China Trade Deals


For immediate release

21 November 2012

NZ Being Caught In New Cold War as US & China Compete Over Trade Deals

“Prime Minister John Key needs a reality check if he really believes New Zealand can remain best friends with both sides in the escalating face-off between the US and China over the ‘most significant free trade and investment deal ever’”, according to University of Auckland Professor Jane Kelsey.

“This week’s East Asia Summit in Cambodia has turned into a sparring match between the US and China, as each touts its grand plan. The US-dominated Trans-Pacific Partnership Agreement is pitted against the proposed Regional Comprehensive Economic Partnership that pivots around China as well as India.”

“The Prime Minister may not want to ‘over-emphasise’ the China-US stand-off, but that is now the dominant narrative of the TPP”, said Professor Kelsey.

“Trade Minister Groser’s bold promise that New Zealand would walk away if the TPP became an exercise in China-bashing becomes more hollow by the day”.

Professor Kelsey notes that the TPPA never had a commercial rationale, except for the gains that US corporations wouldmake if US demands prevailed.

“The TPPA has now become a geo-political pact. There is a serious risk that participating governments will sign up for strategic reasons to a text that surrenders their domestic economies and grants undue influence over their policy decisions to powerful, largely US, corporate interests.”

“The people of the participating countries will not only have no say in the process of either set of negotiations - they risk becoming collateral damage in a new version of the Cold War, as old players flex their muscles in the new arena of competing so-called free trade agreements.”

ENDS

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Now We Are 18: Scoop’s Kai And Korero

The Scoop Foundation invites Scoop's friends and supporters to celebrate Scoop’s 18th birthday in style... Have a mulled wine starter when you come in from winter outside, and then join friends, colleagues and strangers around a table to discuss our vision for the future of Aotearoa New Zealand. More>>

New Hivemind Exploration: Opening The Election - Freshwater Quality

This is an opportunity for you as one of the 4 million guardians of our common water resources to help us find mutually agreeable solutions to the critical task of collectively managing these resources for health and sustainability. More>>

ALSO:

Gordon Campbell: On Why Trump Is A Good Thing

At this point, its worth noting there’s one good reason for being grateful that Donald Trump is in the White House... As candidate and President alike, Trump has been a bad salesman for the policies he espouses. More>>

Scoop HiveMind: Making Housing Affordable – Let’s Crack It

Welcome to our second interactive HiveMind exploration on the topic of housing affordability. This is an opportunity for you to think about and share your perspectives on this issue and what, if anything, needs to be done... More>>

ALSO: