The Ministry of Foreign Affairs and Trade recently announced the opening of negotiations with Singapore, Chile and Brunei to extend a two year old trade and investment agreement (the grandly named Trans-Pacific Strategic Economic Partnership – often known as the P4) into investment and financial services. Any extension into investment would certainly limit the Government’s right to regulate overseas ownership of New Zealand assets. What makes these negotiations especially significant is the announcement that the US is joining in.
Campaign Against Foreign Control of Aotearoa (CAFCA) has launched a campaign against New Zealand signing any such agreement.
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