Original article by Phillip Coorey
The Australian Financial Review – Page: 2 : 18-Oct-18
The Senate has voted 33-15 to pass a bill to ratify the 11-nation Trans-Pacific Partnership, after it gained the support of Labor and several cross-benchers. Unions had opposed the TPP, particularly the provisions with regard to labour market testing and investor-state dispute settlements, and Labor will seek to remove these clauses from the TPP if it wins the next election. Prime Minister Scott Morrison notes that economic modelling suggests that the TPP will increase Australia’s national income by about $15.6bn a year by 2030.
TRANS-PACIFIC PARTNERSHIP, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIAN GREENS, CENTRE ALLIANCE