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Australia stands to gain almost nothing from the
So Called Mega-Trade Deal





Prepared by staff from the World Bank, the study says the so-called Trans-Pacific Partnership would boost Australia's economy by just 0.7 per cent by the year 2030.


Trump's press secretary Sean Spicer said on Thursday the president-elect would stick to his planned list of executive orders aimed at striking down some of the cornerstones of President Barack Obama's eight years in the White House, including the proposed TPP.


Source:      THE SYDNEY MORNING HERALD    
Quote:

The annual boost to growth would be less than one half of one 10th of 1 per cent. Other members of the TPP stand to benefit much more, according to the analysis. Vietnam's economy would be 10 per cent bigger by 2030, Malaysia's 8 per cent bigger, New Zealand's 3 per cent bigger, and Singapore's 3 per cent bigger. Australia and the United States benefit the least from the Trans-Pacific Partnership. The study says it would boost the US economy by only 0.4 per cent by 2030. Non-members would suffer as members directed trade to other members. The biggest loser would be Thailand, whose exports are set to fall 2 per cent while Vietnam's grow 30 per cent. The study explains that highly developed nations such as Australia are either relatively reliant on things other than trade for economic growth or are already fairly free of trade restrictions. Since sealing the deal in October the Australian government has been reluctant to commission an economic analysis of its effects, turning down an offer from the Productivity Commission. Prime Minister Malcolm Turnbull described the deal as a "gigantic foundation stone", saying it would deliver "more jobs, absolutely". It opens up trade between members but makes trade more difficult with non-members through a process known as "cumulative rules of origin" where members lose privileges if they source inputs from countries outside the TPP. The Productivity Commission has been strongly critical of the provisions saying that they turn so-called free trade agreements into "preferential" agreements. The Partnership also requires members to sign up to tough intellectual property provisions and to submit to investor-state dispute settlement procedures administered by outside tribunals. World Trade Online says the negotiating parties are planning to sign the agreement in New Zealand on February 4. It says Chile has confirmed the date and some trade ministers have already made arrangements to travel to Auckland, but it says New Zealand has yet to issue formal invitations. The deal will not come into place until it has been ratified by at least 6 of the 12 signatories representing 85 per cent of their combined gross domestic product. President Obama is expected to use Tuesday's State of the Union address to push for US ratification. Australia has to table the agreement in Parliament for 20 joint sitting days and consider a report from the joint standing committee on treaties before it can ratify the agreement. Labor has yet to announce its position. It has said previously that it opposes investor-state dispute settlement procedures but has agreed to them in the Korea and China free trade agreements. A spokeswoman for Trade Minister Andrew Robb said the agreement would deliver enormous benefits by driving integration in the fast-growing Asia-Pacific, and establishing one set of trading rules across 12 countries. "The World Bank report demonstrates that all 12 member countries – representing around 40 per cent of global GDP – will experience economic growth and increased exports," she said. https://s27.postimg.org/4a64abvxv/1_22_2017_12_38_37_PM.png https://s24.postimg.org/vha8iad5x/1_22_2017_12_39_12_PM.png Peter Martin is economics editor of The Age.

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If anything President Trump has done us a favor by bringing this 'TURKEY' back into our National Consciousness, & exposing it for what it really is........ A TURKEY!!!

Beware the false promises of Big Liberal Government......on this one  ;)

we don't need outside sources telling us what we can and can't do...

we don't need people trying to sue out government in outside secret courts...

this is ONE WORLD GOVERNMENT bullshit ..

this is why we saw the Britexit...

So we trade 0.7% for 0.0%

yep, good deal.

Now we will join the Chinese version of the same thing which will EXCLUDE USA.

I could never grasp what was such a good deal for us!

We are better off without it imo!

Redmond Neck wrote on Jan 22^nd, 2017 at 5:21pm:

I could never grasp what was such a good deal for us! We are better off without it imo!

Well now we will get NOTHING.  It didnt have to be very good to be better than nothing.

longweekend58 wrote on Jan 22^nd, 2017 at 5:36pm:

Redmond Neck wrote on Jan 22nd, 2017 at 5:21pm: I could never grasp what was such a good deal for us! We are better off without it imo! Well now we will get NOTHING.  It didnt have to be very good to be better than nothing.

Well I am not sure we would have benefited at all!

Not to mention the possibility of foreign companies sueing us for in the public interest government decisions.

Nah FARRRK Them!  >:(

Redmond Neck wrote on Jan 22^nd, 2017 at 5:39pm:

longweekend58 wrote on Jan 22nd, 2017 at 5:36pm: Redmond Neck wrote on Jan 22nd, 2017 at 5:21pm: I could never grasp what was such a good deal for us! We are better off without it imo! Well now we will get NOTHING.  It didnt have to be very good to be better than nothing. Well I am not sure we would have benefited at all! Not to mention the possibility of foreign companies sueing us for in the public interest government decisions. Nah FARRRK Them!  >:(

That furphy has been put to bed long ago. In a test case this has been deemed unconsitutional.

Anyhow, now we will end up in a pacific nations trade deal headed up by China.  Feel happier about that? After all, those chinese are impeccable about honesty and law and...

you get my point.

longweekend58 wrote on Jan 22^nd, 2017 at 5:56pm:

Redmond Neck wrote on Jan 22nd, 2017 at 5:39pm: longweekend58 wrote on Jan 22nd, 2017 at 5:36pm: Redmond Neck wrote on Jan 22nd, 2017 at 5:21pm: I could never grasp what was such a good deal for us! We are better off without it imo! Well now we will get NOTHING.  It didnt have to be very good to be better than nothing. Well I am not sure we would have benefited at all! Not to mention the possibility of foreign companies sueing us for in the public interest government decisions. Nah FARRRK Them!  >:( That furphy has been put to bed long ago. In a test case this has been deemed unconsitutional. Anyhow, now we will end up in a pacific nations trade deal headed up by China.  Feel happier about that? After all, those chinese are impeccable about honesty and law and... you get my point.

Yeah I tend to agree with you, I wouldnt trust countries like China or Russia or Indonesia or etc as far as I could kick them.

Not really sure what the solution is

It's not how much we would have made in this awesome deal ......  a whopping .7% thru 2030!?

But, what would we have to put up at stake......our sovereignty first & foremost, which is the right to be independently Australian to put it bluntly.

[media width=625]https://www.youtube.com/watch?v=M9ZFDpuiFUs[/media]

The TPP can have all our share IMHO.

Wouldn't we rather keep our National Identity, & National Pride.......that's not for sale......is it??!! >:(

longweekend58 wrote on Jan 22^nd, 2017 at 5:16pm:

So we trade 0.7% for 0.0% yep, good deal. Now we will join the Chinese version of the same thing which will EXCLUDE USA.

You know that 0.7% benifit was over 20years ?

longweekend58 wrote on Jan 22^nd, 2017 at 5:36pm:

Redmond Neck wrote on Jan 22nd, 2017 at 5:21pm: I could never grasp what was such a good deal for us! We are better off without it imo! Well now we will get NOTHING.  It didnt have to be very good to be better than nothing.

It is that close to nothing it does not matter besides it only requires one or two gotchs which will be there and we would be making a loss.

Dnarever wrote on Jan 22^nd, 2017 at 9:32pm:

longweekend58 wrote on Jan 22nd, 2017 at 5:16pm: So we trade 0.7% for 0.0% yep, good deal. Now we will join the Chinese version of the same thing which will EXCLUDE USA. You know that 0.7% benifit was over 20years ?

its very small. But if I were offered 0.7% pay rise or nothing....


anyhow it doesnt matter. The CHinese plan is coming up now instead.

longweekend58 wrote on Jan 22^nd, 2017 at 9:49pm:

Dnarever wrote on Jan 22nd, 2017 at 9:32pm: longweekend58 wrote on Jan 22nd, 2017 at 5:16pm: So we trade 0.7% for 0.0% yep, good deal. Now we will join the Chinese version of the same thing which will EXCLUDE USA. You know that 0.7% benifit was over 20years ? its very small. But if I were offered 0.7% pay rise or nothing....

So, It gather you would be willing to take the .7% rise, even though you may have to be taken through a foreign court, at the mercy of foreign judges, all at your expense, because you were accused of something you probably didn't do.....or maybe you did, which could easily cost you 100 times that rise!!

Really...... http://www.33sm.ml/smileys/imthinkin6.gif    http://www.33sm.ml/smileys/skrewball004.gif  Did you watch the video I posted?


https://www.youtube.com/watch?v=M9ZFDpuiFUs