The below organisations believe that the Transpacific Partnership Agreement (TPP) delivers many benefits for Australia’s economic future, Australian jobs and for Australian business.
We would like to make clear that there are a variety of views on the TPP and the below organisations are writing to express strong support for this important trade deal (ACCI comes out swinging against the aspects of the Trans Pacific Partnership, SMH, 17 October 2016)
While exporters will need to review the TPP for the markets that they want to trade with in order to determine any advantage for their situation, it should be remembered that the introduction of Free Trade Agreements (FTAs) does not introduce complexity into a perfect and uniform world. The world is already a complex web of tariff rates, standards and entry requirements and successful exporters and importers, both large and small, are already navigating their way around them.
The advantage of an FTA is that we have an opportunity to negotiate those rules and can rely on the FTA to give businesses some certainty that those rules will remain in the long term.
The regulatory impact of the TPP to Australia is minimal, because one of the main benefits of the TPP is that it provides a clear set of operating rules across the Asia Pacific Region. These rules are in line with the regulatory reforms already undertaken by Australia with which our companies are already familiar with. There are a host of other benefits where advantages far outweigh any additional regulation including new trade agreements with Canada and Mexico and advances on existing FTAs with other parties to the TPP.
The recent efforts by the Government to educate exporters, importers and service providers on how to successfully utilise FTAs have been welcomed and we will all continue to work with DFAT and Austrade to ensure that as many Australian companies as possible are able to maximise the benefits of these deals.
The Australian Industry Group, Business Council of Australia, Export Council of Australia, Amcham, National Farmers Federation, Australian Food and Grocery Council