How bad is the TPPA?
Really, really, really bad. Watch this now
WikiLeaks – The US strategy to create a new global legal and economic system: TPP, TTIP, TISA
We have been conned into agreeing to this madness. This is a geopolitical war it isn’t a bloody trade agreement and our media have utterly ignored this dimension to the TPPA.
This isn’t a gold standard deal, it’s a gold plated deal. Groser and Key have come back after selling our cow at the free market with 3 magic TPPA beans.
The winners here are corporations and the people have lost.
As Gordon Campbell brilliantly puts it, If the TPP was the Rugby World Cup, the New Zealand team probably wouldn’t be making it out of pool play...
If the TPP was the Rugby World Cup, the New Zealand team probably wouldn’t be making it out of pool play. While the final details will not emerge for a month, the TPP is offering disappointing returns for New Zealand… and over a very long phase-in period… of up to 25 years in major areas important to us, even though many of the concessions we have made would take immediate effect. Typically, Prime Minister John Key has already been spinning the “93% tariff free” outcome across the TPP region, as if that situation was entirely due to the TPP deal. To get that figure, Key is adding all pre-existing tariff reductions and adding them to the TPP. To take a relevant example… 80% of US trade with other TPP members is already duty free.
Yes, the TPP has helped to knock a few points off the tariffs facing our exporters. Yet some of those alleged dollar gains may well have been made regardless over time – and without the negative baggage of the concessions in the non-trade areas (intellectual property, copyright extensions, investor-state dispute mechanisms etc) that the TPP deal also brings in its wake. The annual dollar returns being trumpeted by TPP advocates should be being treated with a few handfuls of salt. It will be a further month before the details are translated and legalled (and while corporations and the parliaments of member countries are fully briefed) before the contents are finally opened up to public scrutiny. Over the period from now until 2030, even the rosier projections for New Zealand see the TPP adding only about 1% per annum to this country’s GDP.
In the meantime, we have got the general gist. On our biggest export commodity – dairy milk powder – we have achieved almost zero extra advantage in the Japanese, US or Canadian markets. As Trade Minister Tim Groser confirmed on RNZ this morning, there will be a 25 year phase-in for the whole milk powder access we’ve “won” to the US market. Any small market opening by Canada – and this has been mainly in liquid milk and yoghurt – will almost certainly accrue to US dairy producers. Over the final phase of the dairy negotiations we actually lost ground – as the US buckled to the pressure from its own dairy producers, and as Canada failed to bail out the Americans by making any significant changes to its own system of dairy supply management.
If our new corporate overlords can challenge any domestic law under TPPA – is voting now a pointless token autonomy? We have lost the very political and economic sovereignty that we waged wars to keep.
This is how the TPPA has been negotiated…
…and no amount of wall to wall proTPPA propaganda on the mainstream media this morning can dent the reality of what we’ve allowed Key to sign away here.
Mass surveillance, the killing off of critical media, inequality, beneficiary bashing, privatisation of social services, union weakening, corporate welfare and the ability of foreign corporations to dictate our domestic law – this is the reality of 3 terms of a National Party painted as moderate by the media.
The middle classes are no longer sleepy hobbits, they are hobbits a coma from which there is no waking thanks to the property bubble. They will accept anything as long as their illusion of wealth continues to grow.
We have been betrayed and sold down the river by this Government.