The stalled Trans-Pacific Partnership trade negotiations and Australia’s latest free trade agreements with Japan and Korea don’t much impress Pascal Lamy.
The former director-general of the World Trade Organisation dismissed them as agreements of the past.
Big wow there.
Insight about the trade barriers like paperwork and misalignment of regulations being a lot more significant for business than tariffs is very useful to know.
So why is the government bothering with TPP then?
Corporate capture, nothing more.