TPP worth $3 billion a year: Key

By Peter Wilson, NZN Political Writer, NZ Newswire Updated December 3, 2012, 5:37 pm

A Trans-Pacific Partnership (TPP) free trade agreement could boost New Zealand's economy by more than $3 billion a year, Prime Minister John Key says.

The 15th round of TPP talks opened in Auckland on Monday and Mr Key says the government will give the negotiations "a big push" because New Zealand has so much to gain.

"The Asia Pacific region will drive economic growth opportunities in coming years and we can't afford to sit on the sidelines," he said at his post-cabinet press conference.

"The aim is to wrap up a deal in the coming year - it's a challenging timeline but Auckland is our opportunity to build momentum."

The negotiations began in 2007, aiming to expand the existing free trade agreement between Chile, New Zealand, Singapore and Brunei to include the United States, Australia, Vietnam, Peru, Mexico and Canada.

Mr Key says the government wants a TPP that would eliminate all tariffs.

"TPP participants already take 38 per cent of our exports," he said.

"Collectively, the TPP economies represent $US21 trillion ($NZ25.6 trillion) in GDP - a comprehensive, 21st century agreement would provide many opportunities for New Zealand businesses.

"Forecasts suggest the gains for New Zealand could be as high as 1.4 per cent of GDP, roughly $US2.9 billion ($NZ3.5b)."

Earlier on Monday free trade opponents complained they had been locked out of the Sky City Convention Centre where about 500 negotiators are gathered.

Campaigner Jane Kelsey says she and her supporters will only be allowed in on Friday, known as stakeholders day.

"We turned up this morning and found we were locked out of the entire convention centre for all 10 days except the so-called stakeholder day," she said.

Green Party co-leader Russel Norman says the restrictions "confirm suspicions that the negotiations are inherently anti-democratic".

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  1. Ranger09:40am Wednesday 19th June 2013 NZSTReport Abuse

    Where and how can we protest on 8 December?

  2. Hombre09:15pm Monday 03rd December 2012 NZDTReport Abuse

    John. If this govt. grew some and opened up some wilderness areas to mining we would be more wealthier. But it won't it will sell us off to the highest bidder then tell us it's good for the country. And free trade is a crock; the dairy tariffs applied to NZ ag products entering china has nothing to do with ' free trade'.

  3. Nardoo Burns09:14pm Monday 03rd December 2012 NZDTReport Abuse

    Google Andrew Krieger and LEARN what this MONGREL key is all about,you will definitely get a wake up call !

  4. John08:58pm Monday 03rd December 2012 NZDTReport Abuse

    The more Free Trade Agreements that New Zealand is in the better, Global Trade that is free is good for New Zealand although the Lefty slant being delivered here does not pay the bills that NZ needs to pay, with a small domestic economy we have to trade and we have to be involved otherwise we are doomed to fall further down the ladder to permanent obscurity.

  5. Hombre08:06pm Monday 03rd December 2012 NZDTReport Abuse

    And what will TPP do to create 170,000 new jobs. Another secret Key has kept from us; the jobs.

  6. Hombre08:01pm Monday 03rd December 2012 NZDTReport Abuse

    Paul. Negotiations in secret might suit some countries but not New Zealand where far too much is already kept from us. How many times behave you heard reference to this govt. making a 'decision' (on any number of issues) by the end of the year. Well the end of years come and go and 90percent of what we were supposed to be told were not. There is already too many secrets being kept from us and this TPP might well be the worst for NZers.

  7. Noel07:23pm Monday 03rd December 2012 NZDTReport Abuse

    Join fellow NZlanders December 8th in what ever way you can and say NO to TPPA -Trans pacific partnership agreement which really means (-Taking Peoples Power Away). Check online for sites explaining how this will affect us. Our rights to affordable healthcare, our GE standards, more overseas asset deals, treaties with other countries, guaranteed legal problems with other countries suing over any discontent. Read online the issues that other kiwi have experienced already so far. And WHY has this TPPA thing been so underwraps. John Key obviously has a big share of that 3billion. Its #$%$ we will end up trillions of $ worse off in the end, and we wont have anyone in our own country to complain to for many many many moons when the deal will be up for consideration again. We NZlander we have the goods to take care of our own country. God your a #$%$ John.

  8. Hombre07:17pm Monday 03rd December 2012 NZDTReport Abuse

    John Key and his govt. are no longer suited to the way us NZers have lived, and want to. He is now into secrecy, callous sales of assets already owned by NZers, the total disregard to all major social issues now confronting us, failed promises, and deliberate separatism. NZ just cannot survive if he and his jackboot cohorts get back in 2014. We would be far better off under a centre left.

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  9. matt07:03pm Monday 03rd December 2012 NZDTReport Abuse

    Heh Hombre, i totally agree with you Brother , he can stick it , now Key's starts tp panic , sold all state owned enterprises , got the Country in so much debt , now fire Fighting , All we want really is our Democracy , and look arfter our country and our people firstly , if things continue the way it is , there will be no Kiwi's in NZ , Migration already started over to Australia, i see now Kiwi Rail lay off's Keys long playing song was he would get unemployment down , it has never got so bad , maybe he his trying his best to sell off what is left, before he get's the boot

  10. WakeUpNZ06:58pm Monday 03rd December 2012 NZDTReport Abuse

    Is he serious or just another lie, perhaps another 100% lure. I've little faith and trust in his words. Nothing that he promise has materialized so far, nothing.......


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