Andrew Little is still banging on about his bottom-lines and the TPPA.
One of these is banning foreigners (except Australians) from buying residential property in New Zealand (unless the foreigners built it themselves). There will be no compromise. The National government-negotiated option of a stamp duty (Annex II) is not enough for Andrew Little.
He has however forgotten that, even if the TPPA is rejected, there is still the issue of the NZ-China Free Trade Agreement that his party signed in 2008.
Since Labour’s main interest is banning foreign buyers with chinky-sounding names, it is inconvenient to remember that the NZ-China FTA does not allow New Zealand to ban Chinese from buying homes here (see Articles 138 and 139). Read more »