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    TPP an impressive achievement

    Ballingall, John | October 2015
    Abstract
    Today’s announcement that the Trans-Pacific Partnership agreement (TPP) has been concluded is good news for Kiwi firms and households. It’s not perfect, and the dairy sector in particular will naturally be frustrated. But TPP offers valuable benefits – and limited costs – across the economy. Achieving full tariff elimination over time, aside from beef into Japan and some dairy products, on all of New Zealand’s exports to some of the largest economies in the world, is a very positive outcome. That and the likely gains to New Zealand firms from lower costs of doing business in Asia-Pacific regional production networks and from enhanced investment flows, will positively contribute to lifting Kiwis’ living standards. On the wider stage this New Zealand-initiated process has delivered the first large scale improvement in the global trading environment for years. It shows that globalisation’s support for improving world standards of living can continue. This is one more step in the long road to further integration in the Asia-Pacific region and puts pressure on others not involved to make similar adjustments.
    Citation
    Ballingall, John. 2015. TPP an impressive achievement. © New Zealand Institute of Economic Research. http://hdl.handle.net/11540/9191.
    Keywords
    Regionalism
    Regional Economy
    Regional Trading Arrangements
    Regional Trade Integration
    Regional Economic Integration
    Regional Cooperation
    Interregional Cooperation
    Trade Disputes
    Trade Barriers
    Free Trade
    Trade
    Trade Agreements
    Intraregional Trade
    Government Policy
    Regional Organization
    Regional Plans
    Economic integration
    Regional Development Bank
    Preferential tariffs
    International negotiation
    Protectionist measures
    Access to markets
    Economic agreements
    International trade law
    Regional integration
    Trade relations
    Exports
    Economic integration
    Distribution
    Economic integration
    Development Bank
    Trade policy
    Regional economics
    Regional planning
    Regional disparities
    Interregionalism
    Regional economic disparities
    Regional economic blocs
    Industrial arbitration
    Euro
    Inflation
    Business
    Finance
    Free trade
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    Citable URI
    http://hdl.handle.net/11540/9191
    Metadata
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    nzier_insight_54-2015_tpp_an_impressive_achievement.pdf (362.9Kb)
    Author
    Ballingall, John
    Theme
    Regional
    Trade
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise