Penk Chris; Williams PotoCHRIS PENK (National—Helensville): Thank you Madam Assistant Speaker. It's a pleasure to speak on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The theme of my remarks will be letters. Today's debate is brought to you by the letters C" "P" "T" "P" and "P" but it is not Sesame Street that we will need advice on how to get to; it's Damascus because it's a road to Damascus conversion that members opposite have clearly experienced—or at least some of them; others not so much and fair enough too. The point that we seem to be hearing from the other side of the House depending on which party you listen to is either that it was bad before and it's bad now or that it was bad before but it's good now. But I'm here to tell you and tell all in the House that it was good before it's good now and it will still be good. It is a good deal for New Zealand.Remaining on the theme of letters I want to talk about side letters because we've heard in relation to the ISDS or investor-State disputes settlement provisions that some exceptions have been made that supposedly are going to be very helpful and beneficial to New Zealand. But the truth of the matter is that there are exceptions to the exceptions. There are carve-outs of the carve-out. These are extremely limited in scope and when added to the fact that there are considerable suspensions beyond even the suspension of disbelief that one must have to listen to and understand and agree and trust the words of the members of the House opposite those things taken as a whole—the suspensions and the fact that the side letters are themselves exceptional and not comprehensive—mean that in fact what we are looking at is a trade agreement now that is good and a trade agreement that before was good. And indeed in the words of the Green Party speaker on the bill Golriz Ghahraman—and heaven forbid that I should be quoting her with approval—reflecting her position her party's position and the position of many submitters to the Foreign Affairs Defence and Trade Committee there has not been much change to this proposed agreement during the time that it has transitioned from the previous Government to the Government that is now unexpectedly supporting it albeit with our support being required along the way.Now the agreement previously contained many provisions that were broader merely than just trade and that remains the case. But at its heart there is much to like about it for those within New Zealand who trade overseas and of course New Zealand consumers will benefit from the fact that those who trade with us will be able to do so in a way that doesn't reflect the impediments and obstructions of tariff and also non-tariff barriers.So some of the advantages for the nation and if I might add on a parochial note for the electorate of Helensville—for those within the electorate who do export overseas and indeed enjoy the fruits of imports—include for example wine. All tariffs on New Zealand wine will be eliminated including immediate duty-free access to Canada which is New Zealand's fourth largest wine market. That's very relevant to my part of the world I'm pleased to say. Similarly nearly all tariffs on New Zealand sheep meat will be eliminated upon entry into force including locking in preferential rates to Canada which is New Zealand's seventh largest sheep meat market. So again the benefits to the country overall and indeed to the area that I represent will be considerable.On a similar and final note the CPTPP—just as the Trans-Pacific Partnership did—includes useful improvements for New Zealand's dairy exporters. So there will be a huge overall tariff reduction and that will be via preferential access to new quotas into various countries. For that we can all be thankful.Finally if I may finish on my themes of letters: one more letter and it's the letter "U". It stands for U-turn which has been the change of heart the road to Damascus conversion that has been experienced by some members opposite. They now understand the benefits that we have been talking about for some time now. They will need to convince their former supporters—and I emphasise former supporters—and indeed their current colleagues of the merits of this trade deal. We remain convinced. We will continue to support it for the benefit of the country and for that reason it's a pleasure to stand with the colleagues on this side of the House and maintain our principled and consistent position—ASSISTANT SPEAKER (Poto Williams): Thank you. I apologise—thank you—your time's expired."