TPPA – a simple list of facts

I posted the spin from both sides of the TPPA – the National Party versus Action Station – TPPA: ‘Facts’ for and against.

One News has a more neutral Fact check: What the TPP means for New Zealand – “here’s a simple list of facts to get you up to speed”.

  • TPP is a free-trade agreement between 12 Asia-Pacific countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam
  • TPP countries have a combined population of 800 million
  • The 11 other countries currently account for over 40 per cent of New Zealand’s exports
  • It’s New Zealand’s first FTA with the US, Japan, Canada, Mexico and Peru

WHAT DOES IT MEAN TO NEW ZEALAND?

  • Tariffs on New Zealand exports to TPP countries will be eliminated, except in two areas: beef exports into Japan and a number of dairy exports into the US, Japan, Mexico and Canada
  • On current export volumes, this will mean tariff savings of $259 million a year. New Zealand will have to remove $20m a year of tariffs on imports
  • New Zealand’s copyright period will be extended from 50 to 70 years
  • Consumers won’t have to pay more for subsidised medicines as a result of TPP
  • No change to the Pharmac model, but some administrative changes to increase transparency – won’t change ability to prioritise spending and negotiate with suppliers
  • Allows companies to take legal action against foreign governments that harm their investments, but tobacco companies are excluded and there are higher thresholds for public welfare measures such as public health, safety and the environment

-source One News

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31 Comments

  1. jamie

     /  4th February 2016

    “Consumers won’t have to pay more for subsidised medicines as a result of TPP”

    That is based ONLY on John Key saying HE doesn’t intend to pass on the cost increases to consumers at the pharmacy.

    The country will have to pay more. That means more taxes from somewhere.

    Any future government may see it otherwise and put that extra cost on consumers.

    Or John may change his mind, as he so often does when he makes promises.

    Reply
  2. Blazer

     /  4th February 2016

    Q-why isn’t it called the Trans Pacific Free Trade Agreement?
    A-um because…its not!
    Sophie Ryan-NZH…The TPP has been hailed as the “biggest trade deal in a generation”….um who by Sophie you forgot to mention!

    Reply
  3. alloytoo

     /  4th February 2016

    Even if the potential gains from TPPA were zero, the opportunity risk of not being part of a reduced tariff tradebloc is horrendous.

    Reply
    • Blazer

       /  4th February 2016

      looks like its curtains for Sth Korea,The Philipines,Taiwan,Indonesia,Thailandand Hong Kong…then!

      Reply
      • alloytoo

         /  4th February 2016

        Opportunity costs vary from country to country. One size does not fit all.

        Reply
        • Blazer

           /  4th February 2016

          maybe you can expand on that by informing us what ‘size’ fits NZ as opposed to say Australia.

          Reply
          • alloytoo

             /  4th February 2016

            That depends entirely on the export mix and size of your economy.

            Reply
            • Blazer

               /  4th February 2016

              but the signatory countries all have different export mixes and size economies….does that mean disaster looms?

      • alloytoo

         /  4th February 2016

        Interesting enough Indonesia, South Korea, Thailand, Columbia & Taiwan have expressed an interest in joining the TPPA.

        Reply
        • Pantsdownbrown

           /  4th February 2016

          Yes – that is another point the anti-brigade ignore and that is once signed it will only become more attractive to join and other countries undoubtedly will, making the agreement even bigger and more beneficial.

          Reply
          • Blazer

             /  4th February 2016

            Opportunity costs vary from country to country. One size does not fit all.

            Reply
  4. Oliver

     /  4th February 2016

    John Key getting desperate feeling he needs to justify his actions. Must be feeling the heat.

    Reply
  5. Alan Wilkinson

     /  4th February 2016

    Chief drivelling idiot, Kelsey, has a Herald article that supposedly details the terrible consequences of the TPPA. There are just three:

    a) Companies can get compensation if Governments damage their business. And why on earth not? There are safeguards for legitimate Government purposes.
    b) Anyone including foreign companies can make submissions on proposed legislation and regulation that may affect them. Zero new in that.
    c) The US may not sign. Well, hallelujah. Surely that would be Kelsey’s wet dream, but she attempts to pass it off as a reason NZ should shoot itself in the foot.

    And that, dear friends, is the sum of reasons that the morons are currently charging around Auckland like a bunch of demented cattle. Pitifully and determinedly brain-dead stupid is inadequate to describe their nonsense.

    http://www.nzherald.co.nz/opinion/news/article.cfm?c_id=466&objectid=11584252

    Reply
  6. kittycatkin

     /  4th February 2016

    Well, I certainly don’t want to pay less for things that I buy and have billions more coming into the country; what kind of idiot wants that ? I’d far rather pay more for everything and have less money coming into NZ. Who wouldn’t ?

    Reply
  7. Pantsdownbrown

     /  4th February 2016

    Andrew Little today in a Q and A: “Should the agreement be ratified over the next two years, any question of leaving the TPPA would be a huge call. It is not something that I am contemplating”.

    So again the question must be asked is if the TPPA is SO bad for New Zealand, and the majority of the general public are supposedly against the TPPA, then why doesn’t Little go into the next election saying he will pull out of the agreement?? Surely that must be an election winner…………you see Little is a man of no conviction trying to have a foot in both camps as he tries to appeal to the protester/anti-Key sect whilst also knowing full well that NZL can’t afford not to be part of the TPPA.

    Reply
    • Blazer

       /  4th February 2016

      dont lose any sleep over it,you know nothing except right wing propaganda.

      Reply
      • Pantsdownbrown

         /  4th February 2016

        Another pointless Blazer post – everybody is still waiting for you to prove to us why the TPPA is so bad for this country……..not coming anytime soon

        Reply
        • Blazer

           /  4th February 2016

          I see why you call yourself ‘pantsdown’…you never ,ever score a point…the perennial loser..0.

          Reply

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