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Tuesday, 15 November 2016

TPP without the United States is still worth it

Donald Trump's election to the US presidency has effectively scuttled any chance of the Trans-Pacific Partnership (TPP) agreement being ratified. Plenty of commentators and critics of the agreement have said that TPP is now effectively "dead".

In a way, declaring the agreement dead because the United States might not ratify it gives a great insight into the thinking of the critics of the agreement - TPP isn't all about the United States, and never was. Yet opposition to TPP has obsessively focused on the United States.

MFAT's TPP information demonstrates the market opportunities for New Zealand's exporters to the other members of the agreement. For example, exporters of value-added New Zealand wood products to Japan for example are in for a major windfall. That's not something we should walk away from. New Zealand depends on international trade for our prosperity.