The TPPA undermines New Zealand’s sovereignty and is a threat to our democracy. National has overestimated the benefits to New Zealand and negotiated it in secrecy.
Under the TPPA:
Our Parliament would not be allowed to ban overseas speculators from buying up Kiwi homes. Other countries, including Australia, negotiated an exemption from this clause but National failed to do so for New Zealand.
Foreign corporations could sue the government over policy changes seen as affecting their businesses.
New Zealanders’ access to life-saving drugs could be restricted as our laws are tilted in favour of US pharmaceutical companies.
Labour cannot support the TPPA as it stands and will seek to renegotiate it in government to get a better deal for New Zealanders — one that doesn’t undermine our sovereignty.
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