Deputy Chief Executive John Ballingall participated in an Auckland University-hosted panel discussion on 5 April 2016 on the economics of the Trans-Pacific Partnership (TPP). The other panellists were Rod Oram (journalist), Professor Tim Hazledine (Auckland University) and Kim Campbell (Employers and Manufacturers Association). The discussion was spirited and wide-ranging, with good engagement from the audience. John’s key messages are in the slides and his main points were:
We didn’t get all we wanted from TPP
But it’s still a very good deal overall; and what's the credible alternative?
Not being part of it is “unthinkable”
No credible piece of modelling has shown that TPP would make NZ worse off; most studies show we would benefit significantly
There will be costs, but they will be small compared to the benefits, and compared to the cost of being ‘outside the tent’.