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

'Tea Break Bill' Passes: Gordon Campbell On Bad Labour Laws And Poor Safety

By co-incidence, one of the prime dangers of the government’s new employment relations law has been underlined by the release of the death and injury statistics among workers at New Zealand ports. These are highly profitable enterprises for the port owners.

The Port of Tauranga for instance, is expecting its current full-year profit to be between $78 million and $83 million and other ports are enjoying similar boom times – but they are also highly dangerous places for the people who work on or around the port premises. At the Port of Tauranga, there have been 26 serious accidents since 2011, and two deaths. More>>

 

Parliament Today:

No Charges: Outcome Of Operation Clover Investigation

Police have completed a multi-agency investigation, Operation Clover, into the activities of a group calling themselves “The Roast Busters”. The 12 month enquiry focused on incidents involving allegations of sexual offending against a number of girls in the Waitemata Police district and wider Auckland area... More>>

ALSO:

UNICEF Report: NZ Cautioned On "Stagnating" Child Poverty

An international report by UNICEF has found that child poverty rates in New Zealand have barely changed since 2008, despite similar sized countries significantly reducing child poverty during the recent recession. More>>

ALSO:

Funding Report: Two Pathways For Transport In Auckland

Commissioned by Auckland Council, the group was asked to investigate two possible pathways for raising $300 million per year ($12 billion over 30 years) to pay for the improvements needed to help fix Auckland’s transport system. More>>

ALSO:

Pay Equity: Equal Pay Win In Court Of Appeal

CTU: The Court of Appeal has made a historic decision paving the way for a substantial equal pay claim for aged care workers. More>>

ALSO:

Gordon Campbell: On The TPP Finishing Line, And Amazon’s Woes

If the Trans Pacific Partnership trade deal wasn’t such a serious matter, this would be pretty funny… More>>

ALSO:

TV3 Video: Three Die On Roads Over Labour Weekend

The official holiday period ended at 6am Tuesday, with three deaths on the roads during the Labour Day weekend. More>>

Employment Relations Bill: Govt Strains To Get Tea Break Law Through

The Government has been left with egg on its face - failing to get its much-vaunted, but hugely unpopular, meal break law passed in the first week of its new term, Labour spokesperson on Labour Issues Andrew Little says. More>>

ALSO:

Guns: Police Association Call To Arm Police Full Time

"The new minister gave his view, that Police do not need to be armed, while standing on the forecourt of parliament. The dark irony was that the interview followed immediately after breaking news of a gunman running amok in the Canadian parliament in Ottawa..." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news