Guyon Espiner writes disarmingly of Trade Minister Tim Grosser, who represents New Zealand in negotiating the TPPA (Listener: "Deal Or No Deal" March 7, 2014) and, as a result I'm worried.
You may ask what is the TPPA and why should we care about it. The Trans Pacific Partnership Agreement (TPPA) started as an effort to improve trade between four small, potentially equal trading partners, Brunei, Chile, Singapore, and New Zealand. That was in 2005. By 2010 it had morphed into something much bigger, much different, involving 12 nations, including now such diverse nations as Mexico, Canada, Japan and the US.
In trade, size does matter. According to leaked documents, the TPPA is overwhelmingly less about trade among equals and more about corporate will. US multinational corporations have had their sway with this agreement and it is their ends that are most represented.
As corporations, whatever their benefits, carry the impulse toward monopoly, we are all potentially at risk of its effects if the TPPA is established here.
The leaked documents describe three areas of concern to us all. Most serious is the provision for foreign corporations to effectively sue our governments, national and local, to supersede the regulations we've designed to protect our interests. In event of conflict with corporate aims the governing law and jurisdiction may well be offshore, in obligingly friendlier legal environments.