The Official Line:
Trans-Pacific Partnership Agreement (TPP) negotiations were undertaken by Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore, the United States and Vietnam. These negotiations successfully concluded on 6 October 2015 (AEST), after seven years of negotiations.
The TPP is a regional free trade agreement of unprecedented scope and ambition with great potential to drive job-creating growth across the Australian economy.
TPP outcomes include new market access opportunities for Australian exporters of goods and services, as well as investors, that are additional to Australia’s existing free trade agreements. For investment, the TPP will create new opportunities and provide a more predictable and transparent regulatory environment.
The TPP will also establish a more seamless trade and investment environment across 12 countries by setting commonly-agreed rules and promoting transparency of laws and regulations. The TPP will provide greater certainty for businesses, reduce costs and red tape and facilitate participation in regional supply chains.
The TPP addresses contemporary trade challenges in ways that have not previously been addressed in Australian FTAs, such as commitments on state-owned enterprises, which will promote competition, trade and investment and enable Australian exporters to compete on a more level playing field.
The TPP allows for other members to join in the future, which will amplify its benefits. Australia is committed to expanding the TPP membership over time.
The 30 chapters of the TPP concern many matters of public policy and the following stated goals: to "promote economic growth; support the creation and retention of jobs; enhance innovation, productivity and competitiveness; raise living standards; reduce poverty in our countries; and promote transparency, good governance, and enhanced labour and environmental protections." Among other things, the TPP contains measures to lower trade barriers, such as tariffs, and establish an investor-state dispute settlement mechanism (but states can opt out from tobacco-related measures).
Trans-Pacific Partnership will barely benefit Australia, says World Bank report
Australia stands to gain almost nothing from the mega trade deal sealed with 11 other nations including United States, Japan, and Singapore, the first comprehensive economic analysis finds.
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.
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.
So what does it really mean for the average Australian
The average Australian worker will not benefit in any way shape or form from this agreement. We have already seen the impact of this agreement play-out in the Australian Manufacturing Industry which first started off in the Textiles and Footwear Industry. Now we have also seen the impact this has had on the Motor or Vehicle manufacturing Industry with the closure of the Holden plants in Melbourne - and this was after the Australian Government injected billions of tax payers money into Holden to keep them afloat.
The new range of Holden Commodores are to be built and manufactured in China with Holden importing those vehicles into Australia. How can this be a good thing for Australians? How many job have been lost?
The Australian Financial Review stated in December 2011 that as many as 65,000 workers could lose their jobs and up to $4 billion could be lost from the economy as a result of General Motors pulling the plug on Holden manufacturing in Australia, under one scenario put forward by economic modellers.
Well that stated has come true hasn't, if not more that 65,000 because that doesn't take into account all the component's businesses that rely on the Australian manufacturing Industry for their own jobs and income.
Below are 2 video's that explain in a concise way what the TPP is and how it will effect you no matter which country you live in. Please WAKE UP to this secret deal, it has been kept secret for a precise reason and that reason is to keep it from you the People.