New CPTPP 'a really good deal' for NZ - says trade expert

Rural Exchange 11/02/2018

The Trans-Pacific Partnership trade pact is back in the spotlight after the US withdrew its support last year, with a revised agreement now dubbed the CPTPP - the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership.

The 11 countries in the pact, including New Zealand, are expected to sign the tweaked agreement on March 8 in Chile.

Mike Petersen, New Zealand’s Special Agricultural Trade Envoy, joined Rural Exchange to discuss whether or not we are getting the best deal we can.

Mr Petersen says the deal is "the best we could have expected."

"This new [partnership agreement] has a number of changes. Mostly because of the United States withdrawing.

This is a good deal for New Zealand, a really good deal.

"And importantly, if we were out of this deal, we would've been uncompetitive in the Asia-Pacific region forever," he said.

Watch the full interview with Mike Peterson above. 

Rural Exchange with Hamish McKay, Sarah Perriam and Richard Loe, 5-7am Saturday and Sunday on RadioLIVE with Carter’s Tyre Service. Click here for all the ways to watch and listen.