Last Thursday Andrew Robb and 11 other trade ministers signed the Trans-Pacific Partnership (TPP) trade agreement, rejecting calls for an independent cost-benefit analysis after the World Bank estimated it could lift Australia’s economic output by just 0.7% by 2030.
You see, everyone knows that free trade is good for us, Labor agrees, it’s just the ignorant Greens, trade unions, green groups and lefty outfits like Getup that disagree.
Actually, as recorded in the AFR, the studies are all over the place. Continue reading Free trade or economic integration?