World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

TPP-11 delivers zero agricultural trade benefits

New study shows TPP-11 delivers zero agricultural trade benefits, shrinks manufacturing

“The economic modelling of the impact of the proposed TPP-11 by 10 business groups released yesterday, actually shows the failure of the deal to deliver tangible economic benefits to most Australians and key industry sectors. As Crikey put it, even the spruikers of the deal can’t find real benefits in it,“ AFTINET Convener Dr Patricia Ranald said today.

“The rural publication the Weekly Times noted the new modelling shows that Australian agriculture stands to make zero gains in exports under the TPP-11, The report also acknowledges that manufacturing output will shrink in Australia by 2 per cent under the TPP-11 (p.26). Any increased exports would be completely offset by increased imports,” added Dr Ranald.

The study has been sent to all Senators in an attempt to influence the coming vote on the implementing legislation for the TPP-11.

“The report tries to distract from the lack of real economic benefits from theTPP-11, by modelling possible benefits which could occur in the future if the TPP-11 expanded to cover 16 countries. This is completely speculative, since the deal has not yet been ratified by the existing 11 signatories,” said Dr Ranald.

“The report says the TPP-11 will add less than 0.5% to Australian GDP by 2030. The report does not evaluate the costs of the TPP-11, including foreign investor rights to bypass national courts and sue governments over domestic legislation and increased numbers of temporary migrant workers vulnerable to exploitation,” said Dr Ranald.

© Scoop Media

 
 
 
World Headlines

 

New IPCC Report: ‘Unprecedented Changes’ Needed To Limit Global Warming

Limiting global warming to 1.5°C will require “far-reaching and unprecedented changes,” such as ditching coal for electricity to slash carbon emissions, says a special report that finds some of the actions needed are already under way, but the world must move faster… More>>

ALSO:

Jamal Khashoggi: UK, France, Germany Join Calls For Credible Investigation

Germany, the United Kingdom and France share the grave concern expressed by others including HRVP Mogherini and UNSG Guterres, and are treating this incident with the utmost seriousness. More>>

ALSO:

MSF Not Wanted: Nauru Government Shows Continued Callousness

The Nauruan Government’s decision to ask Doctors Without Borders to immediately leave shows continued callousness towards asylum seekers desperately seeking a safe place to call home, Green MP Golriz Ghahraman said today. More>>

ALSO:

Sulawesi Quake, Tsunami: Aid Response Begins

Oxfam and its local partners are standing by to deploy emergency staff and resources to the Indonesian island of Sulawesi, as an estimated 1.5 million people are thought to be affected by the massive earthquake and tsunami that hit on Friday. More>>

ALSO:

Decriminalising Same-Sex Relationships: UN Rights Chief Applauds Indian Decision

“This is a great day for India and for all those who believe in the universality of human rights," Bachelet said. "With this landmark decision, the Indian Supreme Court has taken a big step forward for freedom and equality...” More>>

ALSO:

 
 
 
 
 
 
  • Pacific.Scoop
  • Cafe Pacific
  • PMC