Parliament

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

 

Resurrecting TPPA means all the costs and few benefits


Resurrecting TPPA means all the costs and few of the benefits

Signing up to the Trans-Pacific Partnership Agreement (TPPA) with Japan but without the United States (US) will incur large costs but without many of the supposed benefits, the Green Party said today.

Prime Minister Bill English is on his way to Japan, where he will meet with other TPPA countries in an attempt to resurrect the trade deal.

“Some of the most unpopular aspects of the TPPA, like longer copyright protection and rules that affect the costs of medicines, are only there because the US insisted on them, so it makes no sense to sign up to a version of the TPPA with these rules but without the US,” said Green Party trade spokesperson Barry Coates.

“Overseas corporations will still be able to sue the New Zealand government over regulations they don’t like, as the US insisted, but the economic benefits we’ll get in return for this loss of sovereignty will be tiny.

“Even with the US on board, the Government’s inflated estimate of economic benefits from the TPPA was going to be less than one percent of GDP in 15 years’ time. Now it will be even less than that. This trade deal is simply not worth it.

“If reducing tariffs in Japan is worth it for our exporters and both countries’ economies overall, we should be looking for ways to do that without the TPPA’s costs to our healthcare system and restrictions on our ability to regulate in the public interest.

“Seventy-two percent of businesses said they didn’t think they’d see any benefits from the TPPA, in a recent survey by the Chartered Accountants. National should be doing more to support small and medium businesses at home, instead of chasing unpopular free trade deals abroad.

“Kiwi exporters would benefit more from government support for adding value to our exports, and strengthening our international clean, green brand. Trade diplomacy should focus on supporting an agreement in the World Trade Organisation to reduce the agricultural subsidies that put our farmers at a disadvantage,” Mr Coates said.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The
America’s Cup

The fact New Zealand now reigns supreme once again in the most sophisticated contest in the world’s most elite sport – yacht racing – can’t help but reflect the trajectory the country has been on since the 1980s...

Elite sport used to feel more like a collective, shared experience. It was our team, composed of people who lived and worked like us. Now, not so much. More>>

 

PM's Press Conference: Red Socks And Secret Tapes

Prime Minister Bill English began his post-cabinet press conference by explaining how well the National Party's annual conference went. He also mentioned today's announcement of changes to the EQC disaster insurance legislation and wished Emirates Team New Zealand well in the America's Cup. More>>

Max Rashbrooke: On How To Make Government More Open

International surveys, while often complimentary, have also pinpointed major weaknesses: political donations are badly regulated, for instance, and appointments to government boards frequently go to those with strong political connections. More>>

In Court: Hamilton Student's Lawsuit Over Climate Change Policy

A law student from Hamilton is preparing to challenge the Government in the High Court on Monday over what she says is a “failure” to properly address climate change. More>>

ALSO:

Gordon Campbell: On The Fallout From The Barclay Tape

This is hardly a case of cleaning out your desk and being turfed out onto the pavement. As others have pointed out, the disgraced Clutha-Southland MP will remain on the public payroll for three months until the election, and for three months afterwards. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog