GUEST BLOG: Dr Rhys Jones – The dangers of the TPPA

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Notes for oral submission on the TPPA to the Foreign Affairs, Defence and Trade Committee

Dr Rhys Jones, 7 April 2016

“This post is adapted from an oral submission by Dr Rhys Jones on the Trans-Pacific Partnership Agreement (TPPA), outlining the significant risks to health and equity. He asserts that it would be grossly irresponsible of the New Zealand Government to ratify the agreement without a comprehensive, independent health impact assessment, including a formal equity analysis.”

Kia ora, and thank you very much for the opportunity to present to the select committee in support of my written submission on the international treaty examination of the Trans-Pacific Partnership Agreement (TPPA).

 

By way of introduction, I’m Rhys Jones from Ngāti Kahungunu. I’m a doctor who is passionate about health and social justice. As a specialist in public health medicine with academic expertise in health inequalities, I have a sophisticated understanding of how social and environmental factors affect population health outcomes. My submission is therefore based on evidence and informed experience. I am speaking as an individual, but my concerns are shared by many other health professionals.

 

The reason so many of us in the health community have serious concerns about the TPPA is that it has the potential to fundamentally affect those social and environmental factors that drive health outcomes. My submission relates primarily to the risks to health and equity posed by the inclusion of investor state dispute settlement (ISDS) provisions in the agreement. Because of these significant risks, I believe it is grossly irresponsible of the New Zealand Government to ratify the agreement without a comprehensive, independent Health Impact Assessment, including a formal equity analysis.

 

I understand that entering into international agreements inevitably involves trade-offs. As doctors we deal with weighing up risks and benefits all the time. But the TPPA, to use a medical analogy, would be like being subjected to extremely toxic chemotherapy in order to treat a benign illness. We may see some marginal benefits in the short term, but we’re also likely to face horrible side effects for many years to come.

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The ‘significant risks’ I refer to arise from the many areas where private industry interests are in direct conflict with population wellbeing. These include tobacco, obesity, alcohol-related harm, antibiotic resistance and climate change. The TPPA would provide powerful multinational corporations with additional means to challenge and undermine effective action to address these critical public health issues.

 

The disconnect between the goals of the TPPA and the imperative of human wellbeing is perhaps best exemplified by the issue of climate change. Climate change is widely accepted by health experts and authorities internationally as the most serious global threat to health this century. On the flip side, action to address climate change is recognised as perhaps the greatest health opportunity of our generation.

 

So there can be no question about the need for urgent, dramatic action to tackle climate change. And by ‘tackling climate change’, we’re talking about limiting global warming to at most 2 degrees – and ideally to less than 1.5 degrees – as agreed in Paris late last year by all members of the UN Framework Convention on Climate Change (which includes New Zealand). In order to achieve this, the science tells us that we need to rapidly decarbonise with an endgame of net zero carbon emissions by around the middle of this century.

 

What this means in practical terms is that approximately 80% of fossil fuel reserves already claimed by fossil fuel companies must remain unburnt. This effectively means that trillions of dollars of fossil fuel reserves must become stranded assets within the next few decades.

 

At this point the policy incoherence between the TPPA and the obligations arising from the Paris Agreement becomes alarmingly clear. The purpose of the TPPA is to ensure that investors have a predictable commercial environment, when the last thing we need is stability and predictability – what we need is a rapid, unprecedented transformation of the economy. The TPPA locks the steering wheel on current policy settings, when what we need is a rapid u-turn to reverse the drivers of climate change before it’s too late. The TPPA ensures protection of multinational corporations’ investments when, frankly, what we need is for some of these industries to disappear. Business-as-usual, which the TPPA seeks to cement, is simply incompatible with a healthy climate and a liveable planet.

 

Now, in case you’re thinking that the risks posed by ISDS provisions in the TPPA are hypothetical and unlikely to have significant effects in reality, we need only look at actions taken against governments under existing trade agreements. Fossil fuel companies are responsible for a disproportionately large number of ISDS claims, a good example being the TransCanada ISDS case against the US under NAFTA. The recent WTO ruling against an Indian solar programme is also a cautionary tale. These countries are being penalised for interventions to reduce greenhouse gas emissions; New Zealand should expect similar penalties under the TPPA.

 

This will of course create a chilling effect on future NZ governments, so that we are effectively prevented from taking action to address arguably the greatest challenge facing us as a society.

 

Climate change provides just one example of how the TPPA is in conflict with health and wellbeing. Similar issues can be seen in many other areas, including tobacco, food and beverages, and alcohol. These industries will use any means available to protect their investments, irrespective of the harm caused. It beggars belief that we would consider offering them a wider range of tools with which to do this.

 

Perhaps unsurprisingly, the adverse effects of the TPPA will be disproportionately borne by Māori, Pacific peoples and other marginalised groups in NZ society. However there has been precious little analysis by the government of the TPPA’s impacts on equity, and the consultation process with Māori, as tāngata whenua, has been patently inadequate. Expert analysis in relation to the Treaty of Waitangi shows that the TPPA moves us further away from effective recognition of Treaty rights, and that the “Treaty of Waitangi Exception” fails to secure effective protection for Māori.

 

Finally, as well as speaking to you as a doctor and a Māori academic, I’m also here as a father and an everyday New Zealander who is extremely concerned about the direction the TPPA would take our society in, and the implications for the wellbeing of our tamariki and future generations. It signals a trend towards a future society where democratically elected governments are open to legal challenge from overseas corporations for simply acting in the best interests of their constituents. It heralds a time when action to protect New Zealanders’ wellbeing can be effectively thwarted because it might interfere with some transnational company’s profits. Given the grotesquely unequal world we already live in – where huge power is vested in the hands of a privileged global elite – this proposed deal is taking us in precisely the wrong direction. That to me, and many others I speak to, is what is most abhorrent about this agreement.

 

Coming back to the chemotherapy analogy, if I were to expose patients to enormous risks for little or no benefit I would expect my career in medicine to be a very short one. Likewise, if this government were to ratify the TPPA without thorough scrutiny of the implications for New Zealanders’ wellbeing, it would be equally negligent. Given the strong consensus among health professionals and health organisations about the risks of the TPPA, the only defensible course of action is to commission an independent, comprehensive health impact assessment, including a formal analysis of the impacts on equity, before going any further.

7 COMMENTS

  1. Nice work Dr Rhys! Sadly, the TPPA is a fait accompli – the Key Gov’t decided this would be pushed through – come hell or high water – years ago. They’re definitely not doing it for the benefit of NZ – if they are, it’s the benefit of the top 1% of NZers. To suggest it’s going to benefit the rest implicitly assumes that the “Trickle Down Theory” of economics is true. And we all know that it’s got all the effectiveness of homeopathy. Namely none. But clearly, the placebo effect is strong with the NZ public. I’m just appalled that so many people blindly and blithely trust their politicians to be looking after their interests. Such painful naivete.

  2. We are one of the puppet small countries that the highly secretive NAZI founded Bilderberg group had selected along with several others Greece, Iceland, and we are headed the same way where first they use black opp’s to destabilise the left governments then load the country with debt then crash their economy and buy all assets for a song or in a fire sale.

    Jonkey was asked if he would be able to carry out the asset stripping of NZ pubic assets when he secretly attended the Bilderberg group

    http://twochurchesonly.com/volume-1/supmat/03/most_influential/bilderberg_group/list_of_bilderberg_attendees.pdf

    List of Bilderberg participants 4
    New Zealand
    • John Key (2011-2012), Prime Minister of New Zealand

    Key was meeting in secret in 2011-12. when PPG Wrightsons was taken over here is the story. (Read chapter one.)

    http://www.bilderberg.org/BankingPirates.pdf

    http://www.sourcewatch.org/index.php?title=Bilderberg

    “No Bilderberg meeting agenda has ever been made public. “It is the epitome of low-profile dark ops, a shadow government hidden in a doorway.” According to critics and close observers, it’s agenda is to weaken all world leadership but their own. It is also, according to a U.S. law called the Logan Act, [15] illegal:”

    Key rubs shoulders with these folks!!!!
    see the proof here above, http://twochurchesonly.com/volume-1/supmat/03/most_influential/bilderberg_group/list_of_bilderberg_attendees.pdf

    His secret attendance was confirmed and the evidence that the Black opp’s chooses firstly small countries to use a planted operative (jonkey) to carry out the Bilderberg’s orders.
    Opposition should impeach this traitor and have him jailed for treason.

    CHAPTER ONE
    BRITISH FINANCIAL CONTROL OF CHINA:
    EXAMPLE: PGG WRIGHTSON (NZ)
    Today in both New Zealand and Australia, like all countries throughout the world, most of the general public still naively think that most of the big banks and companies listed on their respective stock exchanges are their own and are generating profits to largely benefit the nations in which they operate by providing employment and paying taxes to the government.
    However, the real truth is, that now most big banks, corporations and companies are controlled by a mere handful of secret, foreign shareholders. These in turn are almost always registered in British tax havens that by and large repatriate most of their profits, untaxed, back through a complicated ‘spider’s web’ of subterfuge to just a relatively few enormously rich families in the City of London Corporation.
    On a global scale, because the numbers are so large and the system is so complex, this elaborate conspiracy is very difficult to understand for most. So first, in PART ONE here, as a sort of “introduction” to PART TWO which deals with the really “big game” crooks at a highest global level, the author thought he would first use a local, well-known, New Zealand agricultural company called PGG Wrightson as an example – to show how just this one company from hundreds of similar companies listed on the New Zealand and Australian Stock Exchanges – is foreign-controlled, and is so meticulously intertwined with other multinational corporations and banks that, in this particular case, are acting in unison together monopolizing farmers and poisoning the food supply of the whole world.
    PGG Wrightson
    http://pggwrightson.co.nz/
    PGG Wrightson is a major New Zealand public company which is listed on the New Zealand Stock Exchange, which most New Zealanders still think is New Zealand-owned because it is one of the oldest companies in the country.
    In 1861, Wrightson Limited started off as a small stock and station agent in New Zealand. Through a merger of Wrightson Limited and Pyne Gould Guiness Limited in 2005, PGG Wrightson was created.
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    In 2011, it was taken over by a nebulous Chinese firm called Agria Corporation, which currently is listed on the New York Stock Exchange. Today PGG Wrightson is a large, New Zealand based, agricultural company and Australasia’s largest seed company.
    Although it is only the world’s 12th biggest seed company after Monsanto, Dupont, Syngenta, Limagrain, LOL, KWS, Bayer, Delta, Sakata, DLF, and Barenburg, it still largely controls the commercial agricultural market in seeds, grains, livestock, irrigation, farm equipment, agricultural insurance and financing in New Zealand, Australia and South America.
    Quite literally, now, this one powerful company indirectly owns almost every blade of grass in these countries already as it has the dominant market share in forage and turf seeds, proprietary seeds, commodity seeds, summer/winter annual crops, fertilizers and agrichemicals. It also has key markets in China, USA, UK, Ireland and France. It also works directly with, and in many cases receives government funding from, other giant global agricultural companies and government agencies as well.
    PGG Wrightson’s activities now affect almost everybody in the countries in which it operates and to a lesser extent further afield too. This issue is vitally important one, as just this one powerful company now is part of an international web which directly controls much of the world’s agricultural sector’s production with its corporate partners, subservient farmers, and hence, the quality and price of almost every food product on every super-market shelf in every country in which it operates.
    While the general apathetic public, ordinary wage and salary earners, small businesses and farmers have absolutely no idea this is happening, they increasingly struggle to make a decent living and are being rapidly turned into a struggling body of destitute paupers, peasants and serfs – almost overnight – and more often than not are being hounded by local Inland Revenue departments to pay ever more in local government and central government oppressive taxes – PGG Wrightson is now part of a duplicitous group of giant multinational, fascist companies and banks that are almost all registered in British tax havens and jurisdictions – that largely pay no tax at all, are immune from prosecution for their fraud, and unrestrictedly continue on to buy up the infrastructure and national agricultural assets of each country at an accelerating pace.
    With almost total impunity from local judicial requirements and taxation laws, they consistently make huge profits, increasingly suck the economic life-blood out of every country in which they operate. They then repatriate their enormous profits back through their tax havens for laundering and then move the funds back for reinvestment in London.
    PGG Wrightson three leading executives
    PGG Wrightson is one of the most difficult companies on the New Zealand Stock Exchange to research into and identify who precisely actually owns and controls it.
    The company’s Annual Report 2014, on page 85, states that the immediate parent group of PGG Wrightson is Agria (Singapore) Pte Ltd, and the ultimate controlling party of the Group is Agria Corporation.
    No mention is made about any other significant shareholders at all. Really, this is an utter disgrace, but is typical for many companies throughout the world now. The practice is entirely unacceptable for a major publicly listed company like this to misinform minor shareholders
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    and others about who are the true, beneficial owners of the company and what they are secretly doing behind the scenes.
    The three most senior executives in the company give the first indication about who controls the company:
    1) The Chairman of PGG Wrightson Limited is Guanglin (Alan) Lai who was appointed on 22 October 2013 and has been a Director since 30 September 2009. Lai has served as the Chairman of Agria Corporation’s Board of Directors since June 2007 and he is a member of Agria’s Remuneration Committee.
    2) Kean Seng U was appointed to the Board on 4 December 2012. He is head of Corporate and Legal Affairs for Agria Corporation, and earlier in his career he led a corporate finance team at Allen & Overy Shooklin & Bok, JLV, an international law venture partnership with London based Allen & Overy LLP. The City of London law firm, Allen & Overy, based at Bishops Square, is widely considered one of the world’s largest, elite law firms specialising in advising multinational banks, corporations and governments. It has a staff of over 5,000 including over 500 partners.
    It was founded on 1 January 1930 by George Allen and Thomas Overy. George Allen was advisor to King Edward VIII. Today Allen & Overy act for most of the big Jewish banks in the City, including N. M. Rothschild & Sons and Warburgs. Paul Warburg, a member of the family, in the United States, was a leading figure in founding and creating the US Federal Reserve in 1913. In fact, Oliver Letwin, the former head of Rothschild Overseas Privatisation Unit (which now controls the privatisation of the assets of the whole globe) was a non-executive member of N. M. Rothschild & Sons. He wrote a book titled, Privatising the World. This book is now the ‘Bible’ for privatising the entire world. Allen & Overy also acted for the late Edmund de Rothschild, who set up the World Conservation Bank in 1987 as a model for taking over the collapsed banks of the world during a major international banking crisis.
    3) The Chief Executive Officer of PGG Wrightson Limited is Mark Dewdney who was appointed in July 2013. He previously was Chief Executive of Livestock Improvement Corporation Ltd. Prior to that, Dewdney was Regional Managing Director of Fonterra Ingredients Asia. He is also a director of Waikato-based, The Tatua Co-Operative Dairy Company Limited in New Zealand.
    Agria Corporation SEC filings
    Unlike New Zealand, through the Companies Act, all public companies registered in the United States must register with the United States Securities and Exchange Commission (SEC), based in Washington, D.C. declaring full information about each company. If they don’t do this properly they can be heavily fined and directors can be jailed.
    The U.S. Securities and Exchange Commission was formed on June 6, 1934. https://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission
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    As an agency of the US federal government, it has responsibility for enforcing federal securities laws, regulating the nation’s stock exchanges and securities industry. It has huge powers to protect investors, maintain orderly, honest and efficient markets.
    The SEC works with criminal law enforcement organisations and can bring civil enforcement actions against individuals or companies alleged to have committed accounting fraud, provided false information or engaged in insider trading or any other serious violation of securities laws. Unfortunately, the SEC is not that squeaky clean itself, and it often covers up for big business fraud. However, some cases, especially if they are too blatant and difficult to cover up, do get properly actioned.
    You can view a list of major SEC enforcement actions (2009-2012) here: https://en.wikipedia.org/wiki/List_of_major_SEC_enforcement_actions_(2009%E2%80%9312)
    While a lot of confidential information about banks and companies is unavailable in many countries, if a public or foreign company is registered in the United States (usually to access finance) it must file certain information with the SEC, which can be easily accessed openly online by anyone and can be very revealing.
    In Agria Corporation’s case, because it is registered on the New York Stock exchange in part to access finance and give it prestige, its SEC filings are therefore required to be filed on the SEC website. So while much of this information is entirely censored from local investors and people outside the United States including in New Zealand and Australia, in the SEC filings it isn’t and is very revealing indeed.
    Anyone can directly access the files by going directly to the U.S. Securities and Exchange Commission Homepage; http://www.sec.gov/ then click on ‘Filings’ then search ‘Agria Corp’ to access all their filings and documents. It is as simple as that.
    You can also go to http://ir.agriacorp.com/phoenix.zhtml?c=216437&p=irol-reportsannual then click on 10/18/13 – 2013 20-F where this will provide Agria Corporation’s United States Securities and Exchange Commission File Number: 001-33766, Form 20-F, Annual Return under Section 12(b) of the Act.
    The information in the Report is extensive. Here are just a few shocking extracts from their 2013 Annual Report showing their utter contempt (even for the SEC), that have been deviously hidden from the naïve US, New Zealand and Australian minor shareholders, farmers and the general public:
    Page 23: “We are a Cayman Islands company and because judicial precedent regarding the rights of shareholders is more limited under Cayman Islands law than under U.S. law, you may have less protection for your shareholder rights than you would under U.S. law.
    Our corporate affairs are governed by our amended and restated memorandum and articles of association, the Cayman Islands Companies Law and the common law of the Cayman Islands. The rights of shareholders to take action against the directors, actions by minority shareholders and the fiduciary responsibilities of our directors to us under Cayman Islands law are to a large extent governed by the common law of the Cayman Islands. The common law of the Cayman Islands is derived in large part from comparatively limited judicial
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    precedent in the Cayman Islands as well as that from English common law, which has persuasive, but not binding, authority on a court in the Cayman Islands.
    The rights of our shareholders and the fiduciary responsibilities of our directors under Cayman Islands law are not as clearly established as they would be under statutes or judicial precedent in some jurisdictions in the United States. In particular, the Cayman Islands has a less developed body of securities laws than the United States.
    In addition, some U.S. states, such as Delaware, have more fully developed and judicially interpreted bodies of corporate law than the Cayman Islands. As the result of the above, public shareholders of our company may have more difficulty in protecting their interests in the face of actions taken by management, members of the board of directors or controlling shareholders of our company than they would as shareholders of a U.S. public company.”
    Page 24: “We are controlled by a small group of shareholders, whose interests may differ from other shareholders.
    As of the date of this annual report, our principal shareholder, Mr Guanglin Lai, beneficially owned 44.6% of our total outstanding shares, with another 20.0% owned by the next four biggest shareholders (based on the latest publicly available information known to us).
    This concentration of ownership may discourage, delay or prevent a change of control of our company, which could deprive our shareholders of an opportunity to receive a premium for their shares as part of a sale of our company and might reduce the price of our ADSs.
    In addition, because these shareholders could collectively control our company, they would be able to take actions that may not be in the best interests of other shareholders. These actions may be taken even if they are opposed by our other shareholders.
    We do not have any existing arrangements with any of our shareholders to address potential conflicts of interests between these and our company, and none of our shareholders, other than our officers pursuant to the terms of their service agreements, has entered into non-compete agreements. There is a risk that our existing shareholders may not always act in the best interests of our company.”
    Page 24: “You may have difficulty enforcing judgments obtained against us.
    We are a Cayman Islands company and most of our assets are located outside of the United States. We conduct most of our operations in the PRC. In addition, most of our directors and officers are nationals and residents of countries other than the United States.
    A substantial portion of the assets of these persons are located outside of the United States. As a result, it may be difficult for you to effect service of progress within the United States upon these persons.
    It may be difficult for you to enforce in courts judgments obtained in U.S. courts based on the civil liability provisions of the U.S. federal securities laws against us and our officers and directors, most of whom are not residents in the United States and the substantial majority of whose assets are located outside of the United States.
    In addition, there is uncertainty as to whether the courts of the Cayman Islands or the PRC would recognize or enforce judgments of U.S. courts.”
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    Page 25: “ITEM 4. INFORMATION ON THE COMPANY
    History and Development of the Company
    We are a Cayman Islands incorporated holding company that conducts operations in China and internationally. Our China operations are primarily undertaken through our wholly-owned subsidiaries and through our contractual arrangements with Zhongguan, our consolidated affiliated entity. Our international operations are undertaken through our majority shareholding in PGW, New Zealand’s largest agricultural services company.
    We commenced operations in January 2004 through P3A, a limited liability company incorporated under the laws of the PRC in 2000. We established a holding company, Agria Group, under the laws of the British Virgin Islands in July 2005 to facilitate our future international fund-raising activities. We formed Agria China in Beijing, China as a wholly-owned subsidiary under the laws of the PRC in March 2007 to focus on research and development and corporate activities.
    We incorporated Agria Corporation under the laws of the Cayman Islands in May 2007. Agria Corporation became the holding company of Agria Group in June 2007 when all of the shareholders of Agria Group exchanged their shares in Agria Group for shares in Agria Corporation on a pro rata basis.
    In April 2008, we formed Agria brother in Shenzhen, China, as a wholly-owned subsidiary under the laws of the PRC to engage in research and development and other activities. In August 2009, we entered into contractual arrangements with Zhongguan to hold our future investments in the agricultural industry in China.
    We formed Southrich Limited, a wholly-owned subsidiary of Agria Group, in September 2009 under the laws of the British Virgin Islands to hold our convertible redeemable notes issued by PGW in 2010. Agria Singapore, a wholly-owned subsidiary of Southrich Limited, was incorporated in November 2009 under the laws of Singapore to hold our 19.01% equity interest in PGW. In January 2010, Southrich Limited changed its name to Agria Asia Investments.
    In January 2011, Agria Singapore made a partial takeover offer to the shareholders of PGW to acquire an additional 31.0% of the shares in PGW at an offer price of NZ$0.60 per share. On April 29, 2011, we completed this acquisition and increased our shareholding of PGW to 50.01%. In April 2011, New Hope International invested $20 million in the equity of Agria Asia Investments, upon which our equity interest in Agria Asia Investments was 88.05%.
    In April 2011, we also entered a conditional sale and purchase agreement to sell a 7.24% stake in Agria Asia Investments to Ngai Tahu. This sale was completed in July 2011, and our equity interest in Agria Asia Investments decreased to 80.81%. In June 2011, our shareholding in PGW was increased to 50.22% as the result of share repurchases made by PGW.
    In July 2010, we divested P3A to Mr Zhixin Xue, the president and director of P3A. Agria China assigned to Mr. Xue all of our rights, interests, duties, liabilities and obligations under our contractual agreements with P3A in exchange for 11.5% of our issued and outstanding share capital immediately prior to the transaction. As the result of the divestiture, we ceased to operate the seed, sheep, and seedling businesses that were previously operated through P3A.”
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    In Agria Corp’s SEC Form 20-F Filings on 18 October 2013, the company declared: “In April 2011, New Hope International invested $20 million in the equity of Agria Asia, upon which our equity interest in Agria Asia was 88.05%.
    In April 2011, we also entered a conditional sale & purchase agreement to sell a 7.4% stake in Agria Asia to Ngai Tahu.” (a local, indigenous, N.Z. Maori tribe). “In July 2011, Ngai Tahu purchased from us a 7.24% of the total shares of Agria Asia for a consideration of NZ$15.0 million ($11.5 million).
    After the completion of this sale, the equity interest in Agria Asia was as follows: Agria Group (80.81%), New Hope International (11.95%) and Ngai Tahu (7.24%).”
    “New Hope group is one of China’s largest agricultural and food corporations. The company employs more than 60,000 staff and engages in agribusiness and food, chemicals and resources, finance and investment, and real estate and infrastructure.
    The agribusiness and food sector of New Hope Group is the largest animal feed producer and one of the largest suppliers of meat, egg and dairy products in China. New Hope Group also has extensive chemical and resource interests in the areas of potassium, phosphorous and coal, and is the largest producer of high-potassium, hydrogen and phosphate in Asia. In addition, New Hope Group is the largest shareholder of MinSheng Bank, China’s seventh largest commercial bank.”
    “In June 2011, we entered a new shareholders agreement with New Hope International. Under this agreement, we granted New Hope International the rights of first offer in the event that Agria Corporation proposes to transfer all or part of its shares in Agria Asia Group, as well as the tag-along rights in the event that Agria Group proposes to transfer all or part of its shares in Agria Asia…”
    New Hope Group (NHG)
    Here is what New Hope Group say about themselves:
    “Who are we? The leading agribusiness in China:”
    http://www.newhopegroup.com/EN/AboutUs.aspx?CategoryID=23
    They write, “With annual sales of around $8.8 billion, NHG operate agribusiness in China and abroad with more than 400 subsidiaries and over 80,000 employees… We are the largest feed producer in China with an annual production capacity of 26.6 million tons. “Profile New Hope Group 2012: https://pigpenning.wordpress.com/agbiz-profiles/new-hope-group/
     New Hope is China’s largest private agricultural firm, as well as the largest agricultural industry cluster.
     New Hope’s annual slaughter capacity is currently 8.5 million head for pigs, and 750 million head for poultry
    New Hope Group: Select International Partnerships:
    UN Global Compact, United Nations. In 2005, the International Finance Corporation (IFC) (the finance arm of the World Bank) invested $45 million in New Hope Capital, a holding company owned by New Hope Group (25%) and New Hope Agriculture (75%). The IFC also has a $19.2 million exposure to Chengdu Huarong Chemicals, a New Hope sponsored company. Mitsui
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    Japan; In 2009, the two firms formed an alliance for joint procurement and sales of feed in China…”
    “New Hope Leadership: In 2011, Mr Liu Yonghao was listed as #4 on the Forbes list of China’s 400 richest, and #330 on the World’s Billionaires List, with a personal fortune of $6.6 billion (USD). He has been named a “Top 10 Poverty champion” and a “Top 10 Private Entrepreneur” in China. He was listed in Business Week’s “2000 Stars of Asia”, and was awarded the “Ernst & Young Entrepreneur Award.” Additionally, Mr. Liu Yonghao holds a number of positions:
     Chairman of the Board and President of Sichuan New Hope Group Co., Ltd.
     Vice Chairman of China Minsheng Banking Corp., Ltd.
     Chairman of New Hope Investment Co. Ltd.
     Chairman of Sichuan New Hope Agribusiness Co., Ltd.
     Chairman of Shandong Liuhe Group Co., Ltd.
     Supervisory Board of Minsheng Life Insurance Co., Ltd.
     Standing Member of CPPCC (Chinese People’s Political Consultative Conference) National Committee
     Vice Chairman of CPPCC Economic Commission.
     Vice Chairman of All China Federation of Industry and Commerce
     Vice President of China Association for Promotion of Glorious Cause
     Vice Chairman of China Feed Industry Association
     Vice President of China Dairy Association”
    New Hope has an alliance with Mitsui & Co Ltd in Japan. This investment company was founded on July 25, 1947. It operates from 140 offices in 65 countries. The major shareholders are: The Master Trust Bank of Japan, Japan Trustee Services Bank, Sumitomo Mitsui Banking Corporation, Nippon Life Insurance Company, Barclays Securities Japan Ltd, Mitsui Sumitomo Company Ltd, The Bank of New York Melon SA/NV10 – all of which are controlled from New York and London.
    If one looks much deeper at the major shareholders of New Hope Group, it becomes plain that they, in turn, are controlled by British banks.
    The main shareholder, The Master Trust Bank of Japan, is controlled by Mitsubishi UFJ Financial Group which holds 46.5% of the company’s shares. Mitsubishi UFJ Financial Group is headquartered in Chiyoda, Tokyo, Japan. It is Japan’s largest financial group and the world’s second largest bank holding company. It has assets of US$2.5 to US$3 trillion and has 106,800 employees.
    Mitsubishi UFJ Financial Group owns 22.4% of Morgan Stanley (USA). The major shareholders of Mitsubishi UFJ Financial Group, in turn are Japan Trustee Services Bank, The Master Trust Bank of Japan, Bank of New York Mellon, State Street Bank and Chase Manhattan Bank, N. A. London. Mitsubishi UFJ Financial Group controls Toyota.
    Another of the main shareholders in New Hope Group is Sumitomo Mitsui Banking Corporation, part of the Sumitomo Mitsui Financial Group, which is the second largest bank in Japan by market capitalization. In 2011, the Group had about 62,000 employees. The major shareholders are Anglo/American banks.
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    Linked to the growing privatisation and sale of many of the strategic assets of each country to Chinese companies, are three major Chinese banks: Industrial and Commercial Bank of China, China Construction Bank and The Bank of China.
    Industrial and Commercial Bank of China (ICBC)
    The Industrial and Commercial Bank of China (ICBC) is the largest bank in the world by total assets. It is one of the big four [supposedly state-owned] banks in China. It operates a global network of branches in London, New York, Paris, Amsterdam, Brussels, Milan, Barcelona, Warsaw, Lisbon, Sydney and Auckland, with its European headquarters in Luxemburg.
    As at March 2014, it had assets of US$3.32 trillion, with over 280 million customers alone in China. During its planned initial public offering on 28 April 2006 three main strategic investors injected about US$3.7 billion into the ICBC – Goldman Sachs, Dresdner Bank (a wholly-owned subsidiary of Germany’s giant Commerzbank, controlled by British banks) and American Express. The ICBC is controlled by a whole host of giant British banks and US mutual investment funds such as Cornerstone Advisors, Johnson International and Aspirant Risk-Managed Global.
    The ICBC’s Australian branch was founded on 19 May 2008 and its New Zealand branch was established in 2013 as a conduit to buy up Australian and New Zealand assets, primarily by Chinese investors.
    The current Chairman of ICBC (NZ) is Don Brash. Son of a New Zealand Presbyterian minister, Brash started off his banking career as a senior economist at the World Bank in Washington D.C. in 1966. He was Governor of the Reserve Bank of New Zealand for 14 years, is a former New Zealand MP and in 1982 was Managing Director of the New Zealand Kiwifruit Authority.
    China Construction Bank (CCB)
    As at early 2015, China Construction Bank (CCB) was the 5th largest bank in the world and 6th largest company in the world by market capitalization. The bank, based in Beijing, has 14,650 domestic branches in Mainland China alone, with overseas branches in London, Russia, Dubai Frankfurt, Luxemburg, Hong Kong, Johannesburg, New York, Seoul, Singapore, Tokyo, Osaka, Taipei, Ho Chi Minh City, Luxembourg Macao, Toronto, Melbourne, Sydney, Brisbane and Auckland. The major shareholders of the bank are British banks and US asset managers and mutual funds, which in turn are intermediary investors for British banks.
    The CCB is a member of the Global ATM Alliance, a joint venture of several major international banks: Barclays (UK), Bank of America (US), BNP Paribas (France), Deutsche Bank (Germany), Santander Serfin (Spain and Mexico) and Westpac (Australia and New Zealand).
    If you look at the CBC Board of Directors, at least until relatively recently, the two European directors representing British banking interests, are or have been, Lord Peter Levene and the Rt. Hon. Dame Jenny Shipley. Lorde Peter Levene is one of the most powerful Jewish bankers in the City of London today having been Chairman of Lloyds, is a former Vice Chairman of Deutsche Bank (Germany’s biggest bank controlled now by British banks) and so on. Dame Jenny Shipley is a former Prime Minister of New Zealand and is also the Chairman of the CCB New Zealand branch, established in 2014.
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    Shipley, by the way, is one of two Vice Presidents of the Club of Madrid, one of the most powerful political groups in the world, made up of former world leaders. As at March 2014, its membership included 64 former presidents and 39 former prime ministers from 65 countries- all dedicated to bringing in a socialist, fascist world government, which they deceptively call – ‘democracy.’ The Gorbachev Foundation was one of the original sponsors that set it all up.
    Bank of China
    The Bank of China, founded in 1912, is the oldest bank in China and now one of the five biggest banks in China. It is the second largest lender in China and fifth largest bank in the world by market capitalization. When the initial public offering of its shares took place in 2006, Forbes Global 2000 ranked it as the 21st largest company in the world.
    It is the most international of China’s banks, with branches on every inhabited continent operating in 27 countries, with a branch office in the Cayman Islands British tax haven to launder all its profits and ensure it pays little or no taxes. In 2008, Bank of China bought a 20% stake in La Compagnie Financière Edmond de Rothschild, which would indicate the Rothschilds have a big interest in the bank.
    The Bank of China (NZ) has recently been established in New Zealand, again, like the other two behemoth Chinese banks to help finance the takeover of the assets of the country. Two of its directors are former National Party MPs, Chris Tremain and Ruth Richardson. Ruth Richardson, a Roman Catholic lawyer, was New Zealand Minister of Finance from 1990 to 1993 and is widely known for her free-market views.
    Richardson is a member of the Mont Pelerin Society, founded in 1947 by some of the oldest fascist families in Europe. Economist Friedrich von Hayek, the von Hapsburgs and Max von Thurn und Taxis, who had supported Hitler during the 1920s and 30s were all part of the group.
    The Mont Pelerin Society is a relic of the fascist movements of Europe in the 1920s and 1930s, which were adopted by the Nazis. Its own members, such as the late, well-known Professor Milton Freedman, advocated similar policies to those that were pushed by Adolf Hitler during the Third Reich.
    Friedrich von Hayek, the principal founder, wrote The Road to Serfdom in London in 1944, while teaching at the British Fabian Society’s London School of Economics, now the foremost training school for Socialists in the world.
    Before the secretive Mont Pelerin Society was formed in 1947, in Switzerland it was known as the Society for the Renovation of Liberalism. Members included Frank Knight and Henry Simons from the University of Chicago, pro-British-American Fabian Socialist Walter Lippman, Karl Popper and Sir John Clapman from the Bank of England.
    The Mont Pelerin Society calls for a ‘conservative revolution’ for the elimination of nation states and the return to feudalism.
    While a member of the New Zealand Parliament, Ruth Richardson was also a member of Parliamentarians for World Order, now called Parliamentarians for Global Action, an International group of current and former socialist MPs from every country of the world
    23
    dedicated to destroying the sovereignty of their own independent countries, to bring in a ‘New World Order’ world government.
    China’s control of New Zealand farming and agriculture
    Foreign-controlled companies and banks, mainly from China, will soon control the entire agricultural business in New Zealand, dominated by just five large companies: Fonterra Group, PGG Wrightson, Silver Fern Farms Ltd, Turners and Growers Group and Zespri.
    Fonterra Group: Fonterra is the world’s biggest dairy exporter. While it is technically still owned by its 10,500 dairy farmer-shareholders, the reality is, now it is controlled by foreign bankers through its very high $7 to $8 billion debt level. With the huge downturn in global commodity prices affecting dairy at present (January 2016), it is only a question of time before the bankers put pressure on farmers for the company to be publicly listed and taken over by China.
    Zespri (NZ), the world’s second biggest kiwifruit exporter, is controlled through cross directorships and a handful of major grower-shareholders and it is only a question of time before it is sold off, or is broken up and sold off in parcels as well to a major multinational.
    Turners & Growers & Fonterra cross directorships: While PGG Wrightson controls the seeds, grasses, the stock trading and crops business for farmers, and Fonterra controls the dairy industry, Turners & Growers Group largely controls the New Zealand citrus industry.
    For a brief example; John Wilson who joined the Fonterra Board as a farmer-elected director in 2003, became Chairman of Fonterra in 2012, a position he holds to the present. He was the inaugural Chairman of the Fonterra Shareholders’ Council. However, he also sits on the Board as a Director of Turners & Growers as well.
    The same bankers that control Fonterra’s debt control Turners and Growers Group, and Wilson is one of their subservient puppets. This incestuous cross-directorship relationship of Wilson’s in the future will obviously turn out to be a poisonous narrative for dairy farmers, yet recently the ignorant farmers re-elected him back in a new term as Fonterra Chairman.
    In 2012, the giant German company BayWa AG purchased 72.5 percent of the shares of Turners & Growers Group, following which, in 2014, Turners & Growers Group opened an office in China. Founded in 1923, based in Munich, BayWa Aktiengesellschaft is a giant German company which operates in the agriculture, building materials and energy sectors. The BayWa AG Group had revenues of €15.201 billion and a staff of 16,935 employees in 2014.
    Just as most New Zealanders still think Turners & Growers Group is a New Zealand public company because it is listed on the New Zealand Stock Exchange when it is really owned by BayWa in Germany. So BayWa AG in Germany itself is secretly controlled by a consortium of British bankers.
    These include UBS Global Asset Management (Deutschland), Baring Asset Management Ltd (you know, the same merchant banking family of pirates in London that got rich out of slave trading and illicit drug trafficking), Kleinwort Benson Investors Dublin Ltd., and of course almost as always showing up in major international public companies, the Anglo/American asset management companies, Mellon Capital Management Corp. and The Vanguard Group. http://www.4-traders.com/BAYWA-AG-435730/company/
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    PGG Wrightson’s true beneficial owners
    So to summarize, there is much more to these cross-shareholding and cross-directorship relationships between PGG Wrightson and these predatory banks in China than the public is outwardly led to believe by the corporate-controlled lying media.
    The facts of the matter are, PGG Wrightson in New Zealand is directly controlled by Agria Asia Group, domiciled not in China, but in the Cayman Islands, a leading British tax haven, so that they can pay little or no tax, while the true beneficial shareholders remain secret, and they can’t even be sued because the Cayman Islands has its own legal system and jurisdiction.
    In turn, Agria Asia Group, although it is outwardly controlled by New Hope Group in China, is controlled by Mitsui & Co Ltd in Japan, in turn, controlled by the Master Trust Bank of Japan, Barclays Securities Japan Ltd, Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Financial Group, Bank of New York Mellon, State Street Bank, Chase Manhattan Bank N.A. London, Morgan Stanley and Lazard – all banks directly or indirectly controlled by the City of London Corporation.
    What has already happened to PGG Wrightson, is presently being repeated with Silver Fern Farms (NZ), another cooperative that controls most of the sheep and beef export trade throughout New Zealand for 16,000 farmers. This company is being taken over and being deviously sold off to the Chinese also – following similar events earlier in 2015 in Australia with the unscrupulous takeover of Primo by the giant Brazilian meat company JBS as well.
    So let’s digress a little in the next chapter, before we get back to PGG Wrightson, and take a brief look at the much bigger picture involving Silver Fern Farms with the control of not only the New Zealand meat trade, but the monopolization of the meat trade of the whole world – from London.

    [Ahem. Cleangreen – really? Wouldn’t a few excerpts and a link do just as well? Brevity, comrade, brevity! – ScarletMod]

  3. Brilliant work @ Cleangreen. I’m very impressed.

    @ ScarletMod? Why would you say that?? Why would you patronisingly ‘ ahem’ Cleangreen? “A few excerpts and a link” ?? Is that what you think of the efforts of others too when they spend hours in their day trying to augment change to a corrupt politic in NZ Aotearoa through The Daily Blog ?
    Brevity? You want concise ? Why ? To appeal to the click bait Net speeder, instant gratification types? The 30 second commercial masses? That’s what got us into this shit.
    Go Ahem, yourself scarlet Mod.
    You go @ Cleangreen!

    • The TPPA is being pushed through because…

      A. Obama is perverse in wanting it done and dusted before he leaves,he would be praised by the corps that benefit from TPPA.

      B. The Panama Papers have been known to heads of state for quite some time,the actioning of TPPA would give the guilty leverage to carry on .

      C. Key is involved in TPPA and Panama Papers .

      A. The TPPA.Obama told his followers to push it through before his term is up,Key like the puppet he is ,made the time of objections to be five days instead of a month.

      B. The Panama Papers debacle, of which a whole lot of info is going to trickle through, so time is of the essence for Key do his dirty work.

      C.Key is involved in the whole damn lot of corruption and wants the result before he is

      A. Kicked out of NZ or
      B. Voted out .

      C .No knighthood or praise if he fails

    • Think Scarlet Mod was refering to the length of Cleangreens comment , ive skimmed through but didnt take it all in yet. a link enables us to access when time permits, Cleangreen is a mine of info and is much appreciated as is Scarlet Mods work,so upticks to both ,.

  4. Great post. Need to keep the pressure up on TPPA, especially the 1 week timeframe to look at these submissions – what a joke!

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