Rex Patrick (SA, Nick Xenophon Team) Share this | Hansard source

My question is to the Minister representing the Minister for Trade, Tourism and Investment, Senator Cormann. It relates to the CPTPP. On 23 January 2018, 11 countries, including Australia, reached agreement on the final Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Studies based on favourable assumptions showed that the original TPP 12 would result in hardly any economic growth to Australia's GDP after 15 years. Noting there will be enabling legislation for the CPTPP, can the government confirm whether they will release the full cost-benefit analysis of the CPTPP so that the parliament and the public can share the same level of confidence as the government about the impact of the agreement? Will the government also initiate any independent cost-benefit analysis on the deal? Given the purported significance of this deal, why would the government fail to do both of those things?