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New Zealand First leader Winston Peters says commentators praising the Trans Pacific Partnership can’t know what they are talking about, because details won’t be known for months.
The Federation of Maori Authorities was among those who came out in support of the 12-country trade pact signed yesterday.
Chair Traci Houpapa says it lays a new trade and export pathway for New Zealand and for Maori enabling access to a wider regional economic agreement for the greater Pacific Rim.
Mr Peters says New Zealand got the poor end of deal in recent free trade agreements with China and South Korea, and there’s no indication things will be better with the TPPA.
"All of the countries in which we are going to be competing now, many of them, their wage structures are far lower than ours. I'm very concerned when I hear somebody from the Federation of Maori Authorities saying that because the biggest asset they have are would be in dairy and beef. Both got a very foul deal out of this TPPA,' he says.
Mr Peters says it’s the ugly face of international capitalism and when corporate giants can force laws onto small countries like New Zealand.
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