Almost no economic gain for Australia

There are many downsides of the TPP - like its impact on medicine prices, workers, the environment and democracy. But there are also few, if any, economic benefits.

An economic analysis from the World Bank found that Australia stands to gain almost nothing from the TPP trade deal, predicting that the TPP would boost Australia's economy by a tiny 0.7 per cent by the year 2030. Annually, that’s by less than one half of one 10th of 1 per cent. 

Separately, The Age’s respected Economics Editor Peter Martin has recently criticized government claims that “export trade deals” like the TPP mean more jobs. In fact, the evidence shows recent trade deals have increased imports far more than exports, resulting in job losses in many industries.

 

Learn more:

The election campaign's other big lie: the Coalition hasn't delivered 'export agreements' (The Age, July 2016)

Trans-Pacific Partnership will barely benefit Australia, says World Bank report (Sydney Morning Herald, Jan 2016).

World Bank study Potential Macroeconomic Implications of the Trans-Pacific Partnership, January 2016


 
 
Updated: Jul 2016