Labour supports free trade. However, we will not support the TPP if it undermines New Zealand’s sovereignty.
We have five key principles which will be non-negotiable bottom lines to protect New Zealand’s interests when the agreement finally makes it to Parliament.
- Pharmac must be protected
- Corporations cannot successfully sue the Government for regulating in the public interest
- New Zealand maintains the right to restrict sales of farm land and housing to non-resident foreign buyers
- The Treaty of Waitangi must be upheld
- Meaningful gains are made for our farmers in tariff reductions and market access.
The National Government must release the TPP text before making a final decision whether or not to commit New Zealand to it. This would give New Zealanders the opportunity to decide if the concerns we and others have raised are properly addressed.
Labour will carefully consider the impact of the draft TPP agreement on New Zealand’s interests, and we will not support the TPP unless it protects New Zealand’s sovereignty and is in the best interests of New Zealanders.