Obama nails it!

by david on January 26, 2016

ObamaNews that the Trans Pacific Partnership (TPP) is to be signed in New Zealand early next month, will no doubt fire up outrage, ridiculous claims and pontifications from the usual array of serial protestors, desperate politicians and other economic Luddites.

These people seem to throw out all sorts of fantastical claims about the evils of trade and are never seriously challenged.

Just how our country is supposed to pay for ever increasing demands for better health, education, superannuation and social welfare and not increase trade with the rest of the world seems to get lost in the venomous rhetoric spewed by those opposed to the TPP and other trade deals.

The fact is that as a trading nation – where agriculture is our biggest trading sector – NZ needs deals like the TPP, the China FTA, CER and the proposed EU trade deal – for our economic survival.

No deal is ever perfect and the TPP is certainly – from a NZ agriculture point of view, especially dairy – not perfect. Despite only minuscule progress for our dairy exports, the deal has delivered some good wins for NZ primary sector.

As NZ special agriculture envoy Mike Petersen said – at the conclusion of the negotiations last October – the TPPhas delivered an “outstanding” result for the NZ primary sector.

“We have basically gained free trade access for the majority of our primary sector products – with the exception of dairy and some beef – to 11 new markets with a population of 800 million or 40% of the world’s trade.”

How is that a bad thing?

A recent World Bank report on the “Potential Macroeconomic implications Trans-Pacific Partnership” estimates that the New Zealand economy will gain a definite economic boost from TPP.

As President Obama told legislators in the US – during his final State of the Union address, last week, a Trans-Pacific Partnership opens markets, protects workers and the environment, and … supports more good jobs.

“You want to show our strength in this century? Approve this agreement,” he implored.

It would be nice if New Zealand politicians could also take up President Obama’s challenge and put aside petty politicking for once and ‘approve this agreement’!

Don’t hold your breath.

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