Labour says jury’s out on supporting TPP

Article – BusinessDesk Oct. 6 (BusinessDesk) – Senior Labour Party politicians are waiting for the detail of the Trans Pacific Partnership trade and investment pact before declaring whether it breaches any of the five “bottom lines” the party says the TPP must … Labour says jury’s out on supporting TPP By Pattrick Smellie Oct. 6 (BusinessDesk) – Senior Labour Party politicians are waiting for the detail of the Trans Pacific Partnership trade and investment pact before declaring whether it breaches any of the five “bottom lines” the party says the TPP must meet before deciding whether to maintain the long-standing practice of bi-partisan political support for trade deals. Written statements from acting Labour leader Annette King and finance spokesman Grant Robertson both cited the bottom lines without saying they had been breached. “Too early to be sure,” said Robertson in answer to a texted question from BusinessDesk. “On land/housing sales, it doesn’t look good, with Aussie-style ban on purchase of existing houses seemingly prevented.” Labour’s policy does not seek the abilty to “ban” land sales to foreigners, saying it wants to see a deal that allows the New Zealand government to maintain “the right to restrict sales of farm land and housing to non-resident foreigner buyers”. However, Labour’s housing spokesman Phil Twyford has spoken of wanting to ban house sales to foreign buyers in the way that Australia does,...

Read More