ALP, Greens, NXT respond to latest TPP-11 news

November 15, 2017: TPP-11 talks have been salvaged for now. The unpopular trade agreement has been rebranded the ‘Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)’. It still contains special rights for foreign investors to sue governments (ISDS), and controversial clauses have been suspended rather than deleted. The deal would restrict future governments from re-regulating essential services, and result in more vulnerable temporary migrant workers.

Below is a summary of responses from the ALP the Greens and NXT.

Labor’s Jason Clare MP, Shadow Minister for Trade and Investment, said the delay in finalising a deal is an ‘opportunity’ for the Turnbull government to fix flaws in the TPP. He called for investor dispute settlement clauses (ISDS) to be ‘renegotiated’), and reiterated Labor’s recent calls for the Productivity Commission to conduct independent economic modelling of the deal.

On the issue of vulnerable temporary workers and  labour market testing, he said:In the TPP Turnbull waived labour market testing for six countries - Canada, Peru, Mexico, Brunei, Malaysia and Vietnam… Turnbull should put Australian workers first and reinstate labour market testing in the CPTPP for those countries.”

Greens Trade spokesperson Senator Sarah Hanson-Young said Australians have been let down by the Turnbull government as it attempts to resurrect the ‘fraught’ TPP.

"While Canada and New Zealand's Prime Ministers have stood up for their local communities and economies Malcolm Turnbull was prepared to trade away our democratic rights, letting multinational corporations power to sue our governments and taxpayers. The insidious ISDS clauses are threat to community action and progressive government and policy reform.  These anti-people, anti-environment clauses will allow big corporations to weaken our environmental, labour and cultural rules and protections. The Turnbull Government must stop trading away our democratic and cultural assets and instead get on with reforming the treaty negotiation process, so Australians can have confidence these deals are being done in their interests.”

NXT spokesperson, Nick Xenophon, said:

“Justin Trudeau stood up for Canada’s national interest when he said “no” to this mongrel version of the TPP. Australia should have done the same particularly when it comes to dispute resolution provisions and the lack of a transparent and rigorous cost benefit analysis on the impact on Australian jobs.”