Almost no economic gain for Australia
An economic analysis from the World Bank found that Australia stands to gain almost nothing from the TPP trade deal, predicting that the TPP would boost Australia's economy by a tiny 0.7 per cent by the year 2030. Annually, that’s by less than one half of one 10th of 1 per cent.
Separately, The Age’s respected Economics Editor Peter Martin has recently criticized government claims that “export trade deals” like the TPP mean more jobs. In fact, the evidence shows recent trade deals have increased imports far more than exports, resulting in job losses in many industries.
Trans-Pacific Partnership will barely benefit Australia, says World Bank report (Sydney Morning Herald, Jan 2016).
World Bank study Potential Macroeconomic Implications of the Trans-Pacific Partnership, January 2016