The MSM won’t tell you about the revised text of the Trans-Pacific Partnership so we will

On a German (English language) website yesterday some details about the revised text of New Zealand’s controversial Trans-Pacific Partnership deal were revealed.

The article said that changes to the original document included the suspension of 22 items relating to areas such as intellectual property and taxpayer-subsidised medicine.

As this news story was front-page news in Germany you would expect the MSM in New Zealand to cover it in more detail but you would be wrong. As Whaleoil reader Labtested commented he could find no news story of the text being released and only one article (an opinion piece) on Stuff that covered it lightly.

The final version of a landmark deal aimed at cutting trade barriers in the Pacific region has now been released. Experts said the revamped document may prompt the United States to rejoin the 11-nation pact.

New Zealand on Wednesday revealed the official text of the Trans-Pacific Partnership, or TPP-11, which had to be redrawn after US President Donald Trump rejected it last year.

Trade Minister David Parker said in Wellington that making the revised text public would allow better scrutiny before its formal signing in Santiago on March 8.

If the revised text has been released then why have New Zealand’s media not shared the juicy details with the public?

The full text of the CPTPP can be read here.

The key disadvantage highlighted by critics of the deal is the Investor State Dispute Settlement (ISDS) mechanism that puts New Zealand at risk of an ISDS claim in the future. The deal includes special rights for foreign investors to bypass national courts and sue governments for millions of dollars in international tribunals over changes to domestic laws (ISDS).

 


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