Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


National Government loses $5 billion-plus fig leaf for TPPA

National Government loses $5 billion-plus fig leaf for TPPA


‘The fig leaf of over $5 billion in gains to the New Zealand economy from the Trans-Pacific Partnership Agreement has been stripped away’, said Auckland University law professor Jane Kelsey, a long-term critic of the proposed TPPA.

The Sustainability Council of New Zealand has just released an evaluation of the study by the Washington-based Peterson Institute for International Economics that Prime Minister Key and National ministers have relied on.

The review, led by Wellington economist Dr Geoff Bertram, concludes that the Peterson Institute’s study has greatly exaggerated the projected gains and ignored the financial and intangible costs. Only about one quarter of the projected gains are backed by a credible economic methodology and the Peterson Institute ignores the many fiscal and regulatory downsides.

On the information available, they doubt there is a net benefit to New Zealand from the TPPA.

Their analysis is consistent with the criticisms that Australian Productivity Commission made in 2010 about similar studies on the Australia US free trade agreement and other bilateral deals.

‘Several years ago trade minister Tim Groser dismissed the value of such modelling, and predicted “wearily” that a study would emerge to claim mega-gains for the TPPA’, Jane Kelsey observed.

‘Despite Groser’s scepticism, his own government has used the Peterson Institute report to rally support for a deal that many New Zealanders see as toxic.’

‘When the Prime Minister started producing ever-higher projections, I speculated some fancy footwork was going on,’ Kelsey said.

‘We are indebted to Geoff Bertram and the Sustainability Council for explaining the technical reasons why these figures have no credibility.

‘Politicians know that ballpark figures that promise enormous gains make headlines, even if they lack substance. That now has to stop’.

Professor Kelsey reiterated the call for a full and independent cost benefit analysis of the monetary costs and benefits, and the constraints on New Zealand’s sovereignty, before any deal is signed.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Q+A Transcript: CTU Call For 'National Standards' On Wages

‘If you look at countries who do better than us, who pay wages better, who have more competitive industries, more successful economies, they have systems where there are national standards. We need to bring ourselves that way. The trouble is the Contracts Act. The Contracts Act was a disaster. The Employment Relations Act was supposed to promote collective bargaining. It was supposed to address the inherent imbalance between employees and employers.’ More>>

 

Health Workers Respond: People's Mental Health Report Released

The People's Mental Health Review reinforces a recent YesWeCare.nz survey of 6,000 health workers, which found nine in 10 believe they don't have the staff or resources to deliver the care Kiwis need when they need it. More>>

ALSO:

More Mental Health:


Energy: Greens Launch Plan For Cheaper And Cleaner Electricity

$112 million for winter warm-up payments to help low-income households cover their power bills • setting a goal for 100 percent renewable electricity by 2030 (in average hydrological conditions) • an investigation into the electricity wholesale market. More>>

ALSO:

Gordon Campbell: On The Aged-Care Settlement

Until yesterday, a National government has always been the sworn enemy of women seeking justice in the workplace, in the face of gender-based pay discrimination. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news