Scott Morrison lies about TPP’s economic benefits

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By Leith van Onselen

After the Trans-Pacific Partnership (TPP) trade agreement passed the Senate yesterday, Prime Minister Scott Morrison was quick to spin the economic benefits:

This landmark agreement is one of the most comprehensive trade deals ever concluded and strips 98 per cent of tariffs for 11 countries with a combined GDP of more than $13.8 trillion and close to 500 million consumers.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.