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Monday, January 31, 2011

Forget China, panic about free trade with America

We are concerned at the idea of China with it's massive economic might having some hold over us when it comes to buying assets here, yet almost unnoticed has been this free trade deal John Key is secretly negotiating before the election which will have much negative impact on our future economic sovereignty than anything China is attempting.

The oxymoronically named 'free trade' deal will do the following...

More expensive medicines

No local content in broadcasting

Weaker controls on overseas investment in NZ

Foreign investors suing the Government for millions in offshore tribunals

Weaker regulation of the financial services

Undermining action on climate change

Delays and restrictions on agricultural market access to the US

John Key breathlessly told a complaint mainstream media that we would make "billions and billions" from this free trade deal with America and the complaint mainstream media breathlessly repeated those claims with no critical analysis of his claims whatsoever.

How humiliating for our compliant mainstream uncritical media then when wikileaks reveals the "billions and billions" claims is utter nonsense and an out right lie...

US free-trade deal suspect
A FREE-TRADE deal with the United States may not be the economic miracle it's been painted as.

New Zealand's chief trade negotiator Mark Sinclair privately told a visiting US State Department official that New Zealand had little to gain from a free-trade agreement. This view – recorded in a confidential US embassy cable released by WikiLeaks – differs from the one the public has been given.

When the US joined the Trans-Pacific Partnership talks in November last year, Prime Minister John Key said it could be worth "billions and billions" to New Zealand, and that a deal would "position New Zealand brilliantly for growth".

But in a meeting in February, Sinclair told US Deputy Assistant Frankie Reed "there is a public perception that getting into the US will be an `El Dorado' for New Zealand's commercial sector. However, the reality is different".

He said New Zealand would need to "manage" public expectations about the benefits of a US free-trade agreement.

...we must stop John Key's smile and wave from signing us up to a deal with America that will decimate our economic sovereignty and I urge people to sign the online petition attempting to block this madness.

John Key is lying to us about this deal making us "billions and billions" in the exact same way Gerry Brownlee lied to us about billions to be made from mining in conservation land.


At 31/1/11 9:51 am, Blogger Carly said...

What is Key's inducement to sign up?


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