NZ: TPP’s Benefits Less Than a Quarter of Government’s Claim

The Sustainability Council of New Zealand issued a media release asserting that "the TPP’s economic benefits are less than a quarter of those the government has claimed – and the proposed trade deal would impose serious costs".

They state that the NZ government has used estimates from a study conducted by US economists to estimate the economic gains from the TPP, but that "A detailed review of that study led by Dr Geoff Bertram concludes that a third of the stated benefits should not be counted at all as they are outside established economic theory. The Sustainability Council review also concludes that only a minor part of the remaining gains are justified. The total benefits likely to be available are less than a quarter of the US$4.1 billion of gains Trade Minister Tim Groser told Parliament would result for New Zealand from the TPP.*"

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10/02/2014