NZ overdue for an open and honest debate about 21st-century trade relations
By Jane Kelsey, Professor of Law, University of Auckland. With more countries considering joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), New Zealand urgently needs a real public debate on the future of such trade and investment agreements. In February this year the UK formally applied to join as part of its quest for post-Brexit free trade agreements. Reportedly, Thailand, South Korea, the Philippines, Taiwan and even China are to varying degrees considering membership. Coverage of these developments is often overly simplistic, treating expansion as a notch in the belt for those who see the CPTPP as shaping the 21st century’s global trade rules. Behind the headlines, the reality is more complex. Given the CPTPP restricts governments’ ability to regulate their own economies in return for notional benefits, it warrants closer scrutiny from all sides. But the secrecy surrounding possible new memberships makes scrutiny difficult, just as it earlier hindered independent assessments of the Trans-Pacific Partnership Agreement (TPPA) and subsequent CPTPP negotiations. Blueprint for a neoliberal trade agenda The original TPPA was always intended as a blueprint for future trade relations across the Asia-Pacific region (with the now-abandoned Transatlantic Trade and Investment Partnership proposing similar rules for US-EU trade). New Zealand was primarily committed to the TPPA as an opportunity to secure a free trade agreement (FTA) with the United States, regardless of the costs. Despite vociferous public protest against its potential to erode national sovereignty, which forced discussion out of the shadows, the National government signed the TPPA anyway. The Labour, New Zealand First and Green parties all opposed its ratification in the select committee, as did Māori in the Waitangi Tribunal. National ignored them again, ratifying the text in May 2017. Singapore’s Minister for Trade and Industry Lim Hng Kiang with New Zealand Prime Minister John Key after signing the Trans Pacific Partnership in Auckland in 2016. GettyImages […]