On Tuesday 6 October, the announcement was made that TPPA negotiations had been completed and signed by the twelve participating nations. The following Radio NZ interviews, as well as other media reports and blogposts, present a wide-ranging picture of this event…
Radio NZ – Morning Report
Trans-Pacific Partnership signed in Atlanta
The Trans-Pacific Partnership deal has been reached in the early hours of this morning in Atlanta. (alt. link)
New Zealand’s special agricultural trade envoy Mike Petersen returned from Atlanta early this week, but has been kept up to date on the latest developments. (alt. link)
The deal once ratified by the twelve countries will be phased in with some parts not coming into full effect for as long as 25 years. (alt. link)
Former US trade representative reacts to TPP announcement. And as we’ve been reporting this morning the Trans-Pacific Partnership deal has been reached in the early hours in Atlanta. (alt. link)
Listening to that is Annette King — the Labour Party’s acting leader.(alt. link)
Joseph Stiglitz on the Trans-Pacific Partnership deal, reached in the early hours in Atlanta. (alt. link)
With us again is our economics correspondent Patrick O’Meara. (alt. link)
Fonterra’s chairman John Wilson says the TPP outcome for dairy is far from perfect but he appreciates the effort made by the trade minister Tim Groser and his negotiators and some progress in market access has been made. (alt. link)
Radio NZ – Nine to Noon
“It’s been called the most sweeping trade pact in a generation, and will affect 40 percent of the world economy. The Trans-Pacific Partnership was finally signed overnight in Atlanta. It will cut trade barriers and set common standards for 12 countries. But the devil remains in the detail … and the written details have yet to be released. Crawford Falconer is a professorial chair in Global Value Chains and Trade at Lincoln University and a former trade negotiator with the Ministry of Foreign Affairs and Trade.” (alt. link)
Business commentator Rod Oram;
The TPPA, the Government’s new science investment strategy and banking arrangements. (alt. link)
Jane Kelsey, Scoop media
National government betrays NZers in TPPA deal
Tuesday, 6 October 2015, 12:16 pm
Press Release: Jane Kelsey
‘This deal is a travesty of democracy’, said Professor Jane Kelsey about the conclusion of the Trans-Pacific Partnership Agreement (TPPA) in Atlanta, USA.
‘The government has ignored, insulted and lied to its citizens.’
‘Minister Groser has misled New Zealanders. He always knew he was on a hiding to nothing on dairy. I have predicted many times that he would not do as he said and walk away from a lousy deal, but would make claim that there were some intangible future gains from being in the club. That’s exactly what’s happened’. (read more)
TPP deal agreed, but not an ‘ideal result’ for NZ key exports
The Trans Pacific Partnership (TPP) has been sealed in the US overnight with New Zealand agreeing to terms with 11 other countries.
Trade Minister Tim Groser told TVNZ’s Breakfast this morning it hasn’t been an “ideal result” for New Zealand’s key exports.However, TPP opponent Professor Jane Kelsey said “government has ignored, insulted and lied to its citizens” and that “this deal is a travesty of democracy”.
Access for our dairy products to key markets Canada and Japan have not been as fulsome as first hoped, with several countries refusing to remove all blocks to free trade for New Zealand’s beef and dairy exports. (read more)
‘This deal is a travesty of democracy’ – reaction to TPP agreement
The controversial Trans-Pacific Partnership was sealed in the US overnight, with New Zealand agreeing to terms with 11 other countries including the US and Japan.
Here is some of the reaction: (read more)
Ministry breaks down TPPA tariff gains; dairy, meat the biggest winners
Countries negotiating the Trans-Pacific Partnership may have finally come to an agreement but the dominant source of support for the New Zealand dollar is still the United States interest rate debate.
New Zealand and 11 other Pacific Rim countries, including the United States, Japan and Canada, reached a deal on the Trans-Pacific Partnership (TPP) after the anticipated announcement on Monday was dragged out due to a sticking point regarding access to international markets for New Zealand dairy.
The Kiwi was trading at US64.64 cents on Monday afternoon, lifting to US65.09c on Tuesday morning. (read more)
Labour to carry on regardless of TPPA – Ardern
Last updated 15:42, October 6 2015
A Labour Government will make laws without regard to the controversial Trans-Pacific Partnership Agreement and if necessary “face the consequences”.
That was the view of Jacinda Ardern, Labour MP and spokesperson for small business, speaking at a Chamber of Commerce event in Rotorua on Tuesday.
Canty manufacturer excited about TPPA
Last updated 15:43, October 6 2015
Christchurch Metal foundry AW Fraser expects to be one of many manufacturers to benefit from the Trans Pacific Partnership Agreement (TPPA).
Canterbury manufacturers say the needs of the dairy sector have dominated too much when it comes to the pluses and minuses of reaching the trade deal.
Members of the New Zealand Manufacturers and Exporters Association (NZMEA) say that dairy only represents 20 per cent of the country’s exports. (read more)
TPPA countries reach deal
Tuesday 6 Oct 2015 5:20 a.m.
New Zealand’s failed to get all trade barriers for its beef and dairy exports lifted as part of the Trans-Pacific Partnership Agreement (TPPA).
After several days of intense negotiations in the US city of Atlanta, trade ministers from the 12 countries involved in the TPPA announced they had reached agreement on the world’s largest free trade pact early today (NZ time).
One of the major sticking points in the negotiations was securing greater access for New Zealand dairy products to a number of protected markets. (read more)
TPPA response swift, varying
By Aziz Al-Sa’afin and 3 News online staff
Tuesday 6 Oct 2015 10:09 a.m.
An urgent law change proposed by New Zealand First would mean international treaties need to be approved by Parliament before they are signed.
The policy comes after the massive and controversial Trans-Pacific Partnership Agreement (TPPA) was agreed to by New Zealand and 11 other Pacific countries today.
Reaction to the TPPA has ranged from descriptions of it being a “betrayal” and “disappointing” to hugely congratulatory. (read more)
TPPA: What you need to know
By 3 News online staff
After years of tough negotiations, New Zealand and 11 other Pacific Rim countries have agreed to the massive Trans-Pacific Partnership deal, but what does it mean?
The deal was agreed to early this morning (NZ time) and gets rid of 93 percent of tariffs on New Zealand exports, but Prime Minister John Key admits not eliminating tariffs on dairy was “disappointing”.
The deal is expected to be worth $2.7 billion a year by 2030. (read more)
TPP agreement boosts NZ shares
Tuesday 6 Oct 2015 6:25 p.m.
New Zealand shares have gained after agreement was reached on the Trans Pacific Partnership deal.
The S&P/NZX 50 Index rose 37.57 points, or 0.7 percent, to 5668.11 today. Within the index, 30 stocks rose and 11 fell. Turnover was $113 million.
Overnight 12 Pacific Rim nations including New Zealand reached a deal on the controversial TTP, which covers 40 percent of the global economy. (read more)
Fran O’Sullivan: TPP deal – Tim Groser puts foie gras on dead rats
6:06 AM Tuesday Oct 6, 2015
Tim Groser’s brinksmanship in the final brutal hours of the marathon Trans Pacific Partnership negotiations secured New Zealand a deal on dairy.
The Trade Minister had to swallow a “few dead rats”. But there’s still plenty of what Groser earlier termed “foie gras” to make for an tasty trade package estimated to be worth $2.7 billion a year for NZ by 2030.
Groser has not secured a gold-plated outcome – as far as NZ’s prime export is concerned – but considerable gains have been made through controlled market access for dairy to major consumer markets like the US, Japan, Mexico and Canada. (read more)
TPP deal: Now 90 days for scrutiny
Isaac Davison, 8:20 AM Monday Oct 5, 2015
Now the Trans Pacific Partnership talks have concluded, New Zealand and the 11 other countries must tick several boxes before the agreement can be brought into force.
Under a rule set by the United States, any agreement cannot be signed until 90 days after negotiations end, to allow time for full consideration of its pros and cons. The same rule also says the agreement’s full text must be made available to the public after 30 days.
In New Zealand, the Ministry of Foreign Affairs will provide a report to the Cabinet on the costs and benefits. The Cabinet will then decide whether to approve the agreement. (read more)
TPP deal ‘failed to deliver for NZ’ – Labour
9:19 AM Tuesday Oct 6, 2015
The Labour Party says the Trans Pacific Partnership appears to have failed to deliver for New Zealand with few gains for dairy farmers and potential implications for medicines.
Deputy leader Annette King would not say this morning whether the party would back the deal because details about its contents were “scant”.
“[Trade Minister] Tim Groser did say that there would be some ugly compromises,” she said. “We would now like to see what those ugly compromises were.” (read more)
TPP deal: New Zealand and 11 other countries strike Pacific trade pact
Audrey Young & Jamie Gray, 9:40 AM Tuesday Oct 6, 2015
• TPP deal struck after final, brutal hours of negotiations
• Hailed as the biggest deal of a generation
• Has power to affect 40 per cent of world’s economy
• NZ dairy sector is disappointed
• Tariffs on 93 per cent of NZ exports to new free trade to be eventually eliminated
• But no change to the 20-year patent period for pharmaceuticals
After years of talks, the controversial and secretive Trans Pacific Partnership trade deal has been finalised. (read more)
Dr Pat Neuwelt: Doctors not prepared to swallow TPP pill
11:20 AM Tuesday Oct 6, 2015
Now that the Ministerial Trans Pacific Partnership Agreement (TPPA) meetings in Atlanta are completed New Zealanders are one step closer to being locked into a comprehensive new set of rules.
At this stage we still don’t know the details of what Minister Groser’s self-confessed “ugly compromises” are, but we know enough to be certain the agreement has us on the road to stagnation in health and to drive up the cost of medicines. The only question is, by how much?.
It is difficult, at this point, to trust that the government has fully assessed the pros and cons of the deal for New Zealanders now and in the future. (read more)
Charles Finny: TPP quite different, isn’t it?
1:55 PM Tuesday Oct 6, 2015
I was interviewed on Morning Report by Kim Hill on the TPP outcome. I answered every question as accurately as I could based on the facts that had been made public on the negotiating outcome.
Clearly there were a few inconvenient truths there as I was attacked pretty solidly and pretty viciously by a number of people from around the world on social media.
This should not have surprised anyone. (read more)
‘What do I do now?’ – Tim Groser
Audrey Young, 6:29 PM Tuesday Oct 6, 2015
After the completion of exhaustive TPP talks in Atlanta, Trade Minister Tim Groser sounded anything but elated as he talked down the phone at 3 am.
“I feel like I used to feel after university exams,” he said with a certain battle-weariness.
“I would be studying 20-hour days and I would be thinking ‘I cannot wait for the exams to finish’ and then when they finished I would feel slightly ‘well, what do I do now?'” (read more)
The Dim Post
First thoughts on the TPPA
October 6, 2015 6:46 am
I am a little staggered that they actually made a deal. The Herald article on the deal is here:
- ‘Mr Groser is very upbeat about the overall result, which will be published later today, but less so on dairy.’
- Access for dairy was literally Groser’s one job when negotiating this deal and he has, characteristically, failed to do it. I’m not that worried though. We’re already well over the environmental capacity for dairying. It’s probably costing more in long-term environmental costs than its earning in export revenue. So the last thing we needed was a trade deal incentivising more dairy. Best case scenario is that this new deal encourages exporters to move up the value chain and make high quality high wage products instead of shipping raw logs and milk powder.
- ‘There will be no change on the current patents for biologic medicines, although an extension on copyright by 20 years will be phased in.’ (read more)
TPPA agreement reached
Written By: mickysavage, 7:28 am, October 6th 2015
The deal has been done. We are told that it is the best thing since sliced bread although we are not allowed to know the details.
Tobacco companies will not be allowed to use the investor state resolution procedure which is a good thing. All other industries will however which is very bad. Stand by for the lawyering to start.
Dairy will have a minuscule increase in the amount it can export. Milk powder access will be phased in over 25 years. Fran O’Sullivan describes Groser’s analysis of the deal as putting fois gras on a number of dead rats. (read more)
As expected, TPPA gives a peanut return
Witten by: lprent, 9:15 am, October 6th 2015
In 15 to 25 years, the expected tariff reduction return to NZ will be (summarized by kiwiblog)
The Beehive site has some details on the deal. The savings on tariffs, once full implemented by sector are:
- Dairy $102 million
- Meat $72 million
- Fruit and vegetables $26 million
- Other agriculture $18 million
- Wine $10 million
- Manufacturing $10 million
- Forestry $9 million
- Fish $8 million
- Wool $4 million
Somewhere around $260 million per year in possible benefits long after I have retired. The upbeat guesstimates by the beehive propaganda sheet say
“The full benefit of TPP is estimated to be at least $2.7 billion a year extra in New Zealand’s GDP by 2030.” (read more)
No Right Turn
Just a bit shit really
So, the biggest trade deal in a generation has been finalised. The thing National was pinning all of its hopes of economic success on, John Key’s “something special”. And it turns out to be just a bit shit really, because it doesn’t include dairy. New Zealand’s primary industry, the whole reason why we engage in these talks, and absent some reduced tariffs on cheese in twenty years or so, its excluded. Slow clap, Mr Groser. Heckuva job you’ve done there. You’ve totally earned that knighthood you were gunning for, you royalist suckup. (read more)
MPs are listening on open diplomacyOne area of huge public disquiet around the TPP negotiations is secrecy: everything about them is secret, and a precondition of negotiations was accepting a “confidentiality” agreement forbidding the release of negotiating material for five years after any deal is agreed. The net result is that “our” government has been telling its negotiating partners things without telling us, enabling them to lie to us about what they are negotiating away. And they were explicitly caught doing so on the issue of the investment-state dispute settlement clause. (read more)
by Rob Salmond, 11:05 Oct 6, 2015
As everybody knows, the TPPA deal is settled, and we can expect a full text to scrutinise within a month.
The deal really is a very big one globally; it’s just not such a big deal for New Zealand.
It looks to me like the biggest loser in the deal is Mexico. It doesn’t get much in the way of market access that it didn’t already have via NAFTA, and the US-Japan deal on autos hurts a lot of Mexican factories purpose-built to supply auto parts from Japanese car companies into the US. (read more)
TPP can help lift incomes in New Zealand but to make a difference for people, there’s a lot more work still to do.
The TPP was never going to be the miracle that shot New Zealand to the top of the global supply chain. Neither was it ever going to be the Darth Vadar of deals where American corporations got to destroy the planet.
It was always going to be a little bit disappointing to everyone. The deal calls for Vietnam to allow free unions and Malaysia to stop people smugglers, but in most countries there aren’t enough gains for politicians to campaign on it. Stephen Harper doesn’t want the text made public until after the Canadian election and Hilary Clinton’s team just want the damn thing off the agenda by 2016. (read more)
The Daily Blog
How bad is the TPPA? Read this now!
By Martyn Bradbury, October 6, 2015
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. (read more)
On the TPP deal reached in Atlanta
October 6th, 2015 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. (read more)
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