The Australian and Chinese governments started negotiating a free trade agreement in 2005 . On November 17, 2014. they announced they had reached agreement in principle on key issues and would finalise and sign the text early in 2015. The text wll remain secret until after Cabinet approves it for signing,
The U.S. Department of Agriculture recently released a report assessing economic growth from the TPP if all tariff barriers were removed. It found that,while there would be increases in agricultural trade between some countries, the overall effect on economic growth would be zero for a number of countries, including Australia.
Greg Jericho writing in the Guardian on November 20 debunks the uncritical media reports of government claims of US $18 billion added to Australia's GDP by the China FTA.
AFTINET contributed to the Brisbane Community Action Network G20 People's Summit on November 13 and People's March on November 15. Dr Patricia Ranald provided a comprehensive presentation on the Trans-Pacific Partnership at a forum on the 13th, and the Stop TPP banner was in the 4,000-strong People's March in the heat of Saturday the 15th.
The International Trade Union Confederation ( ITUC) represents 176 million workers in 161 countries and territories and has 324 national affiliates. Sharan Burrow, ITUC General Secretary, said on November 11, 2014 “This secretive trade deal is good for some multinational corporations, but deeply damaging to ordinary people and the very role of governments.
Photos of TPP protests in Sydney, Canberra, Hobart, Perth, Adelaide, Melbourne
On November 6, 2014 a broad coalition of labor, environmental and consumer groups delivered over half a million petition signatures and letters to key Congressional leaders opposing Fast Track authority for the Trans-Pacific Partnership TPP. Fast track would allow the TPP to be rushed through Congress without amendment.
See the full report here