Original article by Simon Benson
The Australian – Page: 1 & 2 : 25-Jan-18
Independent modelling has concluded that Australia stands to gain more from the revised Trans-Pacific Partnership than if the US had agreed to join the trade bloc. The Peterson Institute for International Economics has estimated that Australia’s GDP could potentially grow by more than one per cent by 2030 as a result of the trade deal. The 11 nations participating in the TPP will officially sign off on the deal in March, and it must then be ratified by Federal Parliament.
TRANS-PACIFIC PARTNERSHIP, PETER G PETERSON INSTITUTE FOR INTERNATIONAL ECONOMICS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIAN LABOR PARTY, MINERALS COUNCIL OF AUSTRALIA, AUSTRALIAN STRATEGIC POLICY INSTITUTE LIMITED, AUSTRALIA. PRODUCTIVITY COMMISSION, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT