Trade Minister Tim Groser said there was no need for concern about the content of the Trans Pacific Partnership:
“When this deal is done, I am certain that I and the Prime Minister will be able to come in from of New Zealanders and say: ‘this is virtually all upside’.”
“In relative terms, New Zealand will gain more than any country in TPP … the structure of these massive protective barriers that will come down will benefit New Zealand more than any country in this negotiation.” . . .
. . . Mr Groser . . . said concerns about intellectual property and patents under the TPP had been “wildly exaggerated”.
He said the United States is the “most innovative country in the world” so their intellectual property law could hardly chill innovation.
New Zealanders would not be paying more for drugs as a result of TPP, Mr Groser said.
“I’ve said categorically Pharmac is not on the table.”
New Zealand could bring in $5 billion per year in our exports now Japan was involved in the Trans-Pacific Partnership (TPP), compared to $3.5 billion without Japan.
The increase in exports to Japan could mean a 2% gain in GDP, with many of the gains in the primary industries, he said. . .
He said Japan’s inclusion has made the TPP more worthwhile for the United States, which in turn will work in New Zealand’s favour.
“All of this comes together with two countries, the world’s first and third largest economy, both believing in a rules-based trading system, that are on our side, and we can have quite an influence in that process.”
Both were speaking on The Nation yesterday. You can watch the full interviews here.
New Zealand has a very small domestic market and we have one of the most open economies in the world.
We’ve already gone through the hard part of giving up protection and puts us ahead of most of the other countries which are negotiating the TPP.
We have a lot to gain and very little to lose from the successful completion of the TPP agreement.