January 25, 2018
Revised TPPA still falling short
A critic of the Trans Pacific Partnership says a newer version of the 11-country trade agreement still doesn't address concerns raised by Maori.
What's now called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership was finalised in Japan this week, and will be signed in Chile in March.
While New Zealand has secured some changes, Jane Kelsey says they are nothing on the scale achieved by Canada.
The Government is scrambling to change the law around foreign investment so it can make changes to forestry cutting rights.
"The TPPA will lock the hands of future governments in restricting foreign investors. So they are going to do it now for cutting rights and try to rush it through before the TPPA comes in to force but they will have the same problem for water. They are not going to be able to restrict foreign ownership of water if they don't do it before the TPPA comes into force and they are not going to do it then," Professor Kelsey says.
She says the legislation changes shows the Government doesn't have faith the so called Treaty of Waitangi exemption in the CPTPPA will be effective.
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