ECIPE said in 2014 that the TPP would be “the first” competing economic integration large enough to have a significant negative impact on Europe. In the long term, the negative effects of investment, productivity and competitiveness will result from dynamic effects such as. B investment, productivity and competitiveness.  Pascal Lamy called the TPP “the last of the great old-style trade agreements.” :2 On January 23, 2017, U.S. President Donald Trump signed a presidential memorandum to withdraw the U.S. signature from the agreement, making it virtually impossible to ratify, as was the case in February 2016.  The United States withdrew, but the recently signed trade agreement has always been welcomed, although New Zealand ratified the TPP on May 11, 2017.  Prime Minister Jacinda Ardern will attempt to renegotiate the Trans-Pacific Partnership (TPP) agreement in Vietnam in time, so that the government can prohibit foreign speculators from buying existing New Zealand homes. She said, “We believe it will be possible to reconcile our desire to ensure that we provide affordable housing by easing demand and prohibiting foreign speculators from buying existing homes while meeting our business objectives.”  Economists Peter A. Petri and Michael G. Plummer of the Peterson Institute for International Economics predict that the TPP would increase U.S.
revenues by $131 billion per year, or 0.5% of GDP. Exports from the United States would increase by $357 billion per year, or 9.1%, as a result of the agreement.  However, two tufts University economists argue that Petri`s research is based on unrealistic assumptions such as full employment: lost jobs are immediately replaced in other industrial sectors.  According to Harvard economist Dani Rodrik, “Petri and Plummer believe that labour markets are flexible enough to compensate for job losses in sectors of the economy affected by job losses elsewhere. Unemployment is excluded from the outset – an integrated result of the model that TPP supporters often distort.  Rodrik notes that “the Petri Plummer model is directly based on decades of academic business modelling, which distinguishes a clear distinction between microeconomic effects (the design of resource allocation by sector) and macroeconomic effects (compared to the general level of demand and employment). In this tradition, trade liberalization is a microeconomic “shock” that affects the composition of employment, but not its overall level.  Our government`s record is far-off and we are the only ones that can count on agreements that open new markets for Australian exporters, keep Australian businesses safe, strengthen our economy and create more jobs.