Responding to Sustainability Council TPP Criticism

by | Mar 3, 2014 | Uncategorized

Remove

It always good to see others enter the discussion about the merits of the Trans Pacific Partnership negotiations. In this vein we were pleased to the Sustainability Council contribute. It was however disappointing that their report contained no new data or information.

The Honolulu based East West Center study, led by Professor Peter Petri drew its conclusions from hard data and peer reviewed modeling. We acknowledge that economic models will always be debated and they should be. The Sustainability Council’s report offers little more than a detailed critique of the Petri study modelling though and no alternative modelling is offered to gauge the impact of TPP.

It is not just empirical literature that suggests there are gains from reducing non-tariff barriers and easing impediments to investment, modern businesses are also saying the same thing.

The non-tariff dimensions to trade agreements are difficult to measure but that is no reason for ignoring them. Trade policy today is mostly NOT about tariffs. The vast bulk of the modern world’s wealth is generated by trade in services, not goods.

TradeWorks challenges the Council to produce evidence to illustrate that TPP would be a negative for the New Zealand economy.

The statements in the Sustainability Council report, as they stand about the potential costs, have no empirical basis. So claims that net gains seem “doubtful” appear to based on opinion rather than analysis.

REGISTER WITH TRADE WORKS

Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.

 

Remove

 

Latest News

NZIBF 2022 Chair Report

ANNUAL GENERAL MEETING 2022 CHAIR’S REPORT I am pleased to present my second report on the activities and achievements of the NZ International Business Forum (NZIBF) for 2022-23, our fifteenth year of operations.  At the outset I would like to thank Members for...

NZ BUSINESS LEADERS AT APEC 2022

New Zealand business will be represented at the APEC Leaders’ Week in Bangkok, commencing 13 November, by members of the APEC Business Advisory Council (ABAC). New Zealand’s three members – Rachel Taulelei, Malcolm Johns and Anna Curzon – supported by Stephen Jacobi...

Submission to MFAT for CPTPP Review

30 September 2022 Phil Mellor Economic Division, Ministry of Foreign Affairs and Trade, Wellington (By email) Dear Phil, Thank you for your email of 1 September, seeking our comments on the three year review of the Comprehensive and Progressive Agreement for Trans...

WHAT’S IN A NAME?

The now widespread use of the term “Indo Pacific” to describe the region to which New Zealand belongs brings a risk of geographical confusion. When did the “Asia Pacific” become the Indo Pacific?   For thirty years or more New Zealand has sought to enhance...

NZ Herald: Turbulence in global trade

Amidst the political topsy turvy of recent weeks came the news that the Government has refreshed its Trade Recovery Strategy.  That’s good news because, for exporters and the global economy as a whole, it’s tough out there. The pandemic is by no means over, there...

Address to World Affairs Forum, 22 August 2022

ADDRESS TO THE WORLD AFFAIRS FORUM AUCKLAND, 22 AUGUST 2022 STEPHEN JACOBI EXECUTIVE DIRECTOR NZ INTERNATIONAL BUSINESS FORUM TURBULENCE IN GLOBAL TRADE Thanks to Greg Thwaite for inviting me to speak to you this evening. It’s good to be back in the habit of meeting...

Trade and Climate Change: State of Play

TRADE AND CLIMATE CHANGE: STATE OF PLAY. A discussion paper prepared for the NZIBF by Adrian Macey, June 2022. Download here. Update: NZ-EU FTA The NZ-EU FTA has been finalised.  Article X.6 of the  trade and sustainable development chapter is on trade and...