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Media Release // Greens move to compel release of Korean FTA economic modelling

Media Release
Peter Whish-Wilson 13 Feb 2014

The Greens spokesperson on trade, Senator Peter Whish-Wilson, will today move a motion in the Senate to compel the Government to release the economic modelling for the Korea-Australia Free Trade Agreement.

Toyota, in explaining their decision to pull out of local car manufacturing, cited the impacts of "current and future free trade agreements".

Senator Whish-Wilson said, "Treasury and the Productivity Commission have advised that the potential benefits of the Free Trade Agreements currently under negotiation have been oversold and the negatives largely ignored.

"Andrew Robb and Tony Abbott have been selling the upsides of this trade deal without disclosing the downsides, like the risks to local manufacturing that they knew clearly about.

"The Government have been citing modelling that they have not made publicly available.

"The Australian public has a right to know whose jobs have been knowingly traded away.

"Whose industries and whose jobs have been traded away for increased market access for coal and gas?

"There are winners and losers in every trade deal. The government should be mature enough to identify which industries they helped, and which industries they hindered," Senator Whish-Wilson concluded.

 

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