[9 March/NZ Herald]

Trade Minister David Parker signed the Comprehensive Progressive Trans Pacific Partnership, and also revealed New Zealand had signed side letters with five countries to exclude the use of controversial compulsory state-disputed settlement provisions. He added that it was good to see international acknowledgement of the need for trade that worked for everyone. Mr Parker noted that the agreement brought together 11 countries that made up 13.5 percent of the world’s GDP. He said it gives our exports new opportunities in new markets, preserves the Treaty of Waitangi and protects the Government’s rights to regulate in the public interest. The TPP had been controversial in New Zealand, but significant changes have been made since then. Chief Executive of Horticulture New Zealand, Mike Chapman, added that as it stands the deal’s worth to New Zealand is a rise of between $1.2 and $1.4 billion in GDP.