24 Jan 2018

Revised Trans-Pacific Partnership sealed - Stephen Jacobi

From Morning Report, 7:11 am on 24 January 2018

It's been one of the longest and most controversial trade deals New Zealand has been involved with and it's finally at the finish line.

Following a meeting in Japan over the last two days The Trans-Pacific Partnership - now revised as the CPTPP - has been finalised and will take affect from March.

The deal goes ahead without the US, which pulled out when Donald Trump became president a year ago. Canada has been a hold out until now, with Prime Minister Justin Trudeau hailing the new deal as the right move. Back home the governing parties are divided over the deal with Labour in favour, the Greens opposed and NZ First still to announce how they will vote, meaning the Government may need the votes of the National opposition to ratify the deal.

Trade specialist Stephen Jacobi tells Guyon Espiner it's a 'Hallelujah' moment.