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

Gordon Campbell: On The Budget

It may seem like Oliver to be so bold as to ask the Finance Minister for more gruel – but what the Dickens, Steven Joyce… is this Budget really as good as it gets?

Supposedly, the public was going to receive significant rewards – an election year lolly scramble no less – for the eight years of belt tightening that they’ve endured, and for the rundown of essential public services.

Well, what Budget 2017 delivered instead in Education and in Health were allocations barely sufficient to maintain the current levels of service delivery More>>

Scoop Full Coverage: of Budget Announcements & Reaction
Latest: Scoop Search

 
 

Auditor-General Stands Down For Investigation: Gordon Campbell On (Not) Taking Responsibility

So Martin Matthews, our current Auditor-General wishes he could have detected “earlier” the fraud that occurred on his watch at the Ministry of Transport. Hmmm. But he could have detected it earlier, surely? That’s the point. More>>

ALSO:

NGOs Pleased: Govt To Halt Collection Of Client Data

Brenda Pilott, the chair of ComVoices and national manager of Social Service Providers Aotearoa, congratulates the government on its decision to call a halt to the collection of individual client data until the concerns of not-for-profit service providers have been worked through. More>>

ALSO:

Gosh: Blasphemy Law Repeal Struck Down

Chris Hipkins, the MP who tabled a Supplementary Order Paper to add our Blasphemy Law to the Statutes Repeal Bill, said this was a "sad day for freedom of speech, tolerance, and leadership". More>>

ALSO:

Gordon Campbell: On The Navy’s Dealings With Fat Leonard, And Twin Peaks

At an official level, our “she’ll be right” attitude routinely spills over into a keen resentment of anyone who suggests the outcomes may be less than satisfactory… The Navy has now gone one step beyond. It won’t even ask itself whether it did a good job. More>>

ALSO:

NZDF: Fifth Rotation Of Troops Heads To Iraq

The fifth rotation of New Zealand Defence Force troops left today for a six-month mission training Iraqi soldiers. More>>

ALSO:

Gordon Campbell: On The Demonising Of Iran

Will New Zealand still be willing to pursue its recent trade overtures to Iran, now that US President Donald Trump has used his speech in Riyadh to single out Iran as the main source of terrorism and instability in the Middle East? More>>

ALSO:

 
 
 
 

Opening The Election Supporters

 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election