CPTPP to be signed (and protested) today

The Trans-Pacific Partnership agreement will be signed by the eleven participating countries in Chile today, and a (futile) protest has been organised outside parliament in Wellington.

Newshub:  NZ to sign CPTPP today in Chile

Trade Minister David Parker will join his counterparts from 10 Pacific countries for the signing ceremony in Chile on Thursday.

The deal will eliminate 98 percent of tariffs in a marketplace worth close to $14 trillion.

Mr Parker said the deal would give Kiwi businesses preferential access to Japan – the third biggest economy in the world – Canada, Mexico and Peru for the first time.

The deal had also “increased in importance because of growing threats to the effective operation of the World Trade Organisation”, he said.

According to the Ministry of Foreign Affairs and Trade’s estimates, the deal is expected to give a $1.2 billion to $4b boost to New Zealand’s real gross domestic product.

This included almost $86 million in expected tariff savings for the dairy industry, while the country’s exporters would save about $200m in reduced tariffs to Japan alone.

The TPP 11 includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

In New Zealand protests against the TPP continue, but on a much smaller scale than in February 2016 when the agreement was first confirmed.

A petition has just 5236 signatures.

We request the House of Representatives to urge the Government to reject the revised Trans-Pacific Partnership Agreement, now known as the Comprehensive and Progressive Agreement on Trans-Pacific Partnership, and that the House revise the Standing Orders of the Parliament to ensure the process for negotiating and signing trade and investment agreements is more democratic, independently informed, and regularly feeds information back to the Parliament and the people.

There is a protest in Wellington today but I can’t find details.

Meanwhile in the US, who was withdrawn from the TPP as soon as Donald Trump took over the presidency, is lurching towards protectionism with promises of steel tariffs resulting in widespread opposition and the resignation of Trumps chief financial adviser, Gary Cohn.

21 Comments

  1. “There is a protest in Wellington today but I can’t find details.”

    Precisely – the left wing in NZ huh. Different when the Nats were at the helm

    • Blazer

       /  March 8, 2018

      if you need directions…just ..ask.

    • PDB

       /  March 8, 2018

      A bit like the lefties that visit this site – sudden silence over this issue when essentially the same agreement was being spoken about by those same people as the death of our sovereignty.

      • Blazer

         /  March 8, 2018

        the cone of silence is frequently lowered by the right on many matters.Presumeably you are in favour of the Agreement with its suspension of 22 clauses from the old…agreement.You should be…happy.

      • Zedd

         /  March 8, 2018

        I protested in Octagon already… PDb

        • Traveller

           /  March 8, 2018

          Too late for that. Souls are sold already

  2. Comedy hour

  3. artcroft

     /  March 8, 2018

    The Greens, a party blessed with the integrity of Mario Ponzi, and insight of Homer Simpson.

    • Blazer

       /  March 8, 2018

      National, a party blessed with the integrity of Mr Burns, and insight of Homer Simpson..

    • Callum

       /  March 8, 2018

      Unfortunately that report doesn’t say when amendments were agreed and what amendments where agreed under National and what impact Labour actually had.

  4. Your reporting quite frankly sucks! Go back to sheep. SMFH

  5. Zedd

     /  March 8, 2018

    price of being in coalition with NZF.. tail wags dog sometimes

  6. I can’t find any news about the protests today.

  7. But Green MP Golriz Ghahraman addressed a protest rally of about 100 at Parliament today saying that the Government was indulging in “spin” to sell their switch in position.

    “It has been devastating to watch as the coalition parties have done such a complete turnaround, and have used what has essentially been spin to justify their turnaround on what is essentially the exact same agreement.”

    http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12009035

  8. It turns out that ‘today’ was about 7 am Friday, NZ time (Thursday in Chile).