The TPP deal sees New Zealand join 11 other countries that accounts for 40% of the world economy. The 11 other countries are Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, Singapore, USA and Vietnam. Based on current trade volumes, the deal amounts to tariff savings of $259 million a year once the TPP is fully implemented. In return, New Zealand will have to remove $20 million a year of tariffs on imports. The deals gives exporters access to 800 million customers in 11 countries across Asia and the Pacific. Below is a summary of the impact on certain sectors of the NZ economy.
Source: Radio New Zealand