Government approves negotiating mandate for revamped TPP

Thu, 17 Aug 2017

By Rebecca Howard Aug. 17 (BusinessDesk) - The government has approved a negotiating mandate for the so-called Trans-Pacific Partnership 11, a trade deal it says could save New Zealand companies $222 million a year, says Trade Minister Todd McClay. The original Trans-Pacific Partnership was signed in 2016 by 12 Pacific rim nations but had not entered into force. A spanner was thrown in the works when US President Donald Trump signed a Presidential Memorandum to withdraw the US from TPP in January. Representatives, however, from the 11 r...

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