TPP traps – we need to know the costs as well as the gains

In 2005 the Australia-United States Free Trade Agreement (AUSFTA) was signed. Some agricultural tariffs were reduced immediately. Sugar wasn’t. Australian beef won’t enjoy duty free access to the US market until 2023.

Australia accepted that trade – US market access in exchange for US copyright demands.

A report from the Australian Productivity Commission – the Government’s independent research and advisory body – indicated that Australia suffered a net loss under AUSFTA as a whole because of accepting the US copyright demands.

So why has our political leadership not talked about the costs of accepting the US copyright demands?

Why wouldn’t you look at the total cost/benefit analysis? Because you want the political benefit at any cost. Just like the Government did with the Hobbit, and may do over the dissatisfaction Chorus has expressed at the Commerce Commission copper/UBA price determinations.

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