Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Key doing deal with US that benefits Wall Street

20 June 2014

Key doing deal with US that benefits Wall Street

John Key needs to tell the public why New Zealand is currently involved in a trade deal to benefit Wall Street at the expense of Queen Street, Green Party Co-leader Dr Russel Norman said today.

The text of a 19-page, international trade agreement involving New Zealand has just been published via WikiLeaks. According to the United States Chamber of Commerce, the Trade in Service Agreement (TISA) ‘should expand access to foreign markets for United States service industries and ensure they receive national and most-favoured nation treatment’.

“The United States is pushing to limit regulation of financial services,” said Dr Norman.

“The Trade in Services Agreement (TISA) is a deal aimed at locking the sort of policies that caused the Global Financial Crisis in the first place.

“The United States also want to freeze financial regulation at existing levels, which would severely limit the ability of sovereign governments to deal with another global financial crisis.

“The New Zealand public has been kept completely in the dark about this agreement,” said Dr Norman.

“All the New Zealand public has been told about this deal is a few paragraphs on the Ministry of Foreign Affairs and Trade’s website that promotes all the potential upsides of this deal while failing to point out the downsides.

“For a major world-wide financial services agreement that could restrict the ability of a future New Zealand government to regulate this is simply not good enough.

“John Key has the perfect opportunity with his upcoming meeting with President Obama to tell the New Zealand public just why we have been negotiating this agreement in secret.

“Mr Key and his officials also need to clearly spell out the potential downsides of this agreement for the New Zealand public.”

Link to the Wikileaks page on TISA:

https://wikileaks.org/tisa-financial/WikiLeaks-secret-tisa-financial-annex.pdf


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>

ALSO:

Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>

ALSO:

Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news