INDEPENDENT NEWS

DSC demands immediate withdrawal from TPPA negotiations

Published: Sun 2 Dec 2012 06:31 PM
DSC demands immediate withdrawal from TPPA negotiations
"If you asked for a cup of coffee and were given something that was 17% coffee and 83% bleach, you wouldn't be very happy," says John Ring, Foreign Affairs Spokesperson for New Zealand Democrats for Social Credit. "If the proposed Trans-Pacific Partnership Agreement is adopted, that's how people will feel."
The 15th round of negotiations on the Trans-Pacific Partnership Agreement between New Zealand, Australia, Malaysia, Vietnam, Singapore, Brunei, Peru, Mexico, the USA, Canada, and Chile takes place in Auckland on 3 - 12 December.
"It has been promoted as a trade agreement, but it has 29 chapters, only five of which relate to trade," he said. "We should imitate Brazil and refuse to sign things that purport to be trade deals but contain things not relevant to trade."
"It has also been claimed to be a bulwark against China but would have the opposite effect.  In recent decades average incomes in the USA have fallen, and the agreement would force its signatories to make similar mistakes.
"Among other things it will enable disputes between foreign companies and the government to be judged by corrupt ad hoc tribunals with part - time judges who are lawyers in other cases.  Potentially lawyers could do deals with judges, offering to rule in their favour when roles are reversed.
"There are blatant conflicts of interest.  In one case one of the judges was on the board of a company that owned shares in the complainant.
"There are also built in perverse financial incentives for the courts to perform badly.
"The longer a case lasts, the more the lawyers and the judges get paid, so they drag on, and are very expensive. Average legal fees are $US 8 million per case, but can go well above $US 30 million, so they are no help to small businesses or most farmers.
"Furthermore, if a lot of companies win cases against governments, companies will be more likely to sue governments as they have a better chance of winning.  This would create more business for the law firms that provide the judges and lawyers, so there is an incentive for them to rule in favour of complainants.
"New Zealand should withdraw from the negotiations immediately," said Mr Ring.
ENDS

Next in New Zealand politics

Update on New Zealand and the Cook Islands travel bubble
By: New Zealand Government
Speech: Ardern - Let’s Keep Moving - 2020 Election Campaign Launch
By: New Zealand Labour Party
On Political Twins, And On Labour Extending Its Wage Subsidy Scheme
By: Gordon Campbell
Adjournment Debate: Speaker Trevor Mallard
By: Hansard
Vaping Legislation Passes
By: New Zealand Government
Overall, 82% Trust Pandemic’s Management – Down From 91%
By: Horizon Research Limited
National Releases 2020 Party List
By: New Zealand National Party
How Judith Collins stopped the bleeding
By: Horizon Research Limited
Your Vote 2020: Bringing Election Coverage To Viewers Across TVNZ Channels And Platforms
By: TVNZ
30% Believe Households Worse Off, 298,000 Expect To Lose Jobs
By: Horizon Research Limited
Findings Of Investigation Into COVID-19 Active Cases Privacy Breach
By: State Services Commission
New Zealand suspends extradition treaty with Hong Kong
By: New Zealand Government
New Zealand Must Stand With Free, Democratic Nations
By: ACT New Zealand
Economic Alarm Bells Ring
By: New Zealand National Party
Adjournment Debate: PM Jacinda Ardern
By: Hansard
View as: DESKTOP | MOBILE © Scoop Media