Viewport width =
March 27, 2017 | by  | in News |
Share on FacebookShare on Google+Pin on PinterestTweet about this on Twitter

TPP Forges Ahead

After seven years of negotiation between 12 countries, the Trans-Pacific Partnership (TPP) appeared to collapse after US President Donald Trump withdrew from the agreement in January 2017.

The TPP sought to formalise trade and investment negotiations between member states and would have cut tariffs, increased access to markets, and set common labour, environmental, and intellectual property standards.

The agreement was widely criticised throughout the discussions due to a lack of engagement and consultation with Māori, for the greater rights it would afford corporations, and for the potential it had to undermine New Zealand sovereignty.

New Zealand signed on to the TPP as it existed in 2016.

A meeting between the remaining eleven countries in Chile on March 16 indicated a desire to conclude some form of deal before the TPP’s February 2018 ratification deadline.

Meredith Lewis, the Associate Director of the New Zealand Centre of International Economic Law, said that she sees a possible future for the trade agreement.

The key issue, however, will be how the eleven remaining TPP members, including New Zealand, amend the deal in the aftermath of the withdrawal of the US.

“Many of the TPP provisions reflect concessions the non-US participants made at the behest of the US. Without the US, there would be interest in changing some of those provisions.”

“On the other hand, the other eleven likely want to leave the door open for the US to return to the agreement — perhaps when a different administration is in the White House — and changing the terms in any significant way would make it more difficult for the US to do so.”

In an interview with RadioNZ, Trade Minister Todd McClay focussed instead on a way forward for those nations still involved in the process. “There’s a very clear view [among these countries] that there are great advantages in the TPP that are worth considering further.”

Share on FacebookShare on Google+Pin on PinterestTweet about this on Twitter

About the Author ()

Comments are closed.

Recent posts

  1. Legalising Abortion Is Still Best Option, Even for Pro-Lifers
  2. hidden figures
  3. Accessibility: Teri O’Neill is Running for Council
  4. VUW’s Women are Fucking Good at Sport
  5. Research: Third of Tertiary Students Sexually Assaulted At University
  6. Battle Of The SECS’: VUW Failing Women In Tech
  7. Issue 15 – Feminism
  8. Beyond Pink and Blue
  9. It is Enough: Reflections on Pride
  10. In the Mirror: Queer, Brown and Catholic

Editor's Pick

Burnt Honey

: First tutorial of the year. When I open the door, I underestimate my strength, thinking it to be all used up in my journey here. It swings open violently and I trip into the room where awkward gazes greet me. Frozen, my legs are lead and I’m stuck on display for too long. My ov

Do you know how to read? Sign up to our Newsletter!

* indicates required