TPP breakthrough “unambiguously good 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.”