Local PR - TPPA will bring benefits to the Taupo Electorate

Electorate news
Thursday, February 4, 2016

The Trans-Pacific Partnership Agreement (TPPA) was signed in Auckland today bringing benefits to the local economy and New Zealand, says local MP Louise Upston. 

“As a result of the TPPA, our farming, forestry and tourism industries will save over $120 million in tariffs they currently have to pay just to get their products and services into the world markets. This is a fantastic result for our local exporters and our regional economy.  It is businesses in these industries that I’m keen to see grow and employ more local people.”

“This is New Zealand’s largest free trade agreement (FTA) and will enable our local Kiwi exporters to sell more products and services to the rest of the world, creating more jobs and higher incomes for New Zealanders and for our community,” says Ms Upston.

The 12 countries involved in the TPPA account for 36 per cent of the world economy. Last year, we as a country sold $28 billion worth of goods and services to the other 11 countries in the TPPA.

“Many concerns raised previously about TPP are not reflected in the final agreement. Consumers will not pay more for subsidised medicines as a result of TPP. There will be no change to the PHARMAC model. There are high hurdles for investor-state dispute settlement claims. This agreement does not have any impact on New Zealand’s sovereignty,” says Ms Upston.

The signing of TPP is very positive for New Zealand and it’s going to be a real boost for our economy here in the Taupo electorate and across the Waikato Region.  

ENDS.

Media Contact - Jess van Haarlem Ph: 021 809 393