Welcome progress on TPP

Trade Minister Tim Groser has welcomed the significant progress made during the Trans Pacific Partnership (TPP) Ministerial meetings in Singapore.

“I am pleased to report that we have substantially advanced the negotiation here in Singapore.  My colleagues and I were able to make good progress across the negotiating agenda, keeping true to the objectives Leaders have set for the negotiation.  In many areas we have identified potential landing zones that will guide the final phase of work.”

While more work remains to be done, Mr Groser said that momentum is accelerating in the negotiation and he was confident that conclusion of a comprehensive, high quality, 21st century agreement was in sight. 

“However, we will not short change ourselves.  We will take as long as needed to achieve a deal that eliminates trade barriers for New Zealand exporters and can advance our vision of regional economic integration in the Asia Pacific.  The gains a high quality TPP would generate for the New Zealand economy demand we get this right.”

TPP Ministers and negotiators have agreed to next meet in January.

Business organisations in New Zealand have reacted positively to the announcement of substantive progress.

“If it takes longer for TPP to be concluded so be it,” said Stephen Jacobi, Executive Director of the both the NZ International Business Forum and NZ US Council.

“Trade Minister Tim Groser and his officials deserve congratulations for their perseverance in continuing what we know is a challenging negotiation.”

Mr Jacobi said New Zealand businesses wanted to see a high quality, substantive and comprehensive outcome to TPP.

“It’s positive that Ministers have been able to identify what they call “landing zones” in the majority of areas under negotiation. To land TPP clearly requires additional work. We should continue to do all we can to support the achievement of a TPP that meets New Zealand’s interests and makes a strong contribution to growth and jobs.”

Former Labour leader and former Trade Minister Phil Goff says New Zealand would be a winner with the TPP.

New Zealand would benefit more than most countries from a concluded Trans Pacific Partnership deal, former Labour trade minister Phil Goff told the Herald last night.

“We have the least barriers and therefore we have the least we have to give away,” he said. “Other countries have to give away much more.

“While there are all sorts of problems involved in this negotiation, you have to look at the wider picture and the wider picture is that each country will benefit from a successful conclusion to it but New Zealand will benefit more than most.” . . .

This view isn’t shared by all his colleagues nor by potential coalition partners the Green and Mana Parties.

It’s a pity opponents to the deal can’t see past their ideology to the benefits free trade brings to producers and consumers.

The only losers will be the favoured few businesses which benefit from lack of competition and the bureaucrats and politicians who gain power, and money, from tariffs and subsidies.

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