TPP break­through “un­am­bigu­ously good news”

The Australian Mining Review - - NEWS -

THE revival of the Trans-Pa­cific Part­ner­ship (TPP) is a ma­jor break­through for global trade which will de­liver sig­nif­i­cant eco­nomic and strate­gic ben­e­fits for Aus­tralia, ac­cord­ing to Min­er­als Coun­cil in­terim chief ex­ec­u­tive David By­ers.

“Eco­nomic mod­el­ling has found that even with­out the US, the TPP would boost Aus­tralia’s ex­ports by $US23 bil­lion, or four per cent, and its na­tional in­come by $US12 bil­lion, or 0.5 per cent, in 2030,” Mr By­ers said.

“Aus­tralia is a trad­ing na­tion – 2.7 mil­lion Aus­tralian jobs rely on trade and trade ac­counts for 40 per cent of our econ­omy – which means that the revival of the TPP is un­am­bigu­ously good news.”

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