Trans Pacific Partnership - A one-hit wonder?
As in New Zealand, the TPP has seen growing US opposition over the past 10 months.
Indeed mirroring the US presidential elections, a Washington-agricultural heartland split is emerging. While I expect Congress to pass the TPP, a new US President may take US trade policy in a new direction.
As a consequence, for NZ over the coming years, these political developments have the potential to slow the progress of freeing up agricultural trade with the US and its neighbours.