Smith StuartSTUART SMITH (National—Kaikōura): Thank you Madam Chair. Well it's a great pleasure to speak on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership the CPTPP. I actually sat on the Foreign Affairs Defence and Trade Committee hearing the Trans-Pacific Partnership (TPP) for some of the hearings. I want to turn to Supplementary Order Paper 141 in a moment; but to lay the groundwork for that I well recall sitting in Christchurch listening to submissions on the TPP. There were really two features of the day: a lot of submissions that really said the same thing over and over again particularly which will relate to the Supplementary Order Paper in a moment. CHAIRPERSON (Hon Anne Tolley): Part 2. STUART SMITH: It's in Part 1 isn't it? 6A?CHAIRPERSON (Hon Anne Tolley): No. Part 2.STUART SMITH: OK Part 2. Well I won't talk about that then. I'll talk about that in another call. But the feature of that day was Sir Graeme Harrison speaking from ANZCO about the TPP and market access and the importance of that and how it would work with his company's particular issues that they were facing with trade. It really highlighted these actual treaties and how they work. It's not just about tariffs; it's about the non-tariff trade barriers and how the Trans-Pacific Partnership and now the CPTPP—it's a bit of a mouthful really—lay out those particular rules to make trade so much easier. In the case of ANZCO having their access for their beef was a massive gain for them and for the beef industry in general and that goes back right through to behind the farm gate. So it has a huge impact on our economy right through our farming sector.I think that that is often lost on many of those other submitters that were there on the day which were talking about the investor-State dispute settlement and those particular clauses that were related to that. Most of their submissions while heartfelt and well-intentioned really missed the mark and didn't understand the impact that could be on New Zealand companies trading overseas. That's particularly why those clauses are in the bill. So market access is absolutely a massive plus.The Pharmac provisions in the bill—I understand why they are there and I think that's obviously a very good thing. It is a great model for us in New Zealand. They're a bit like banks really—pharmaceutical companies: everybody doesn't like them but they quite like to use the products that they have when they're quite ill. So you can't have new pharmaceuticals if pharmaceutical companies don't make money out of the production of those and the research that they put into those drugs before they become available for us here in New Zealand. But trade's very important for us and obviously having this particular bill go through will shore up our place in the world trading scene. I think the renaming of the principal Act—that's in clause 4 the principal Act being renamed—the name isn't all that much of a concern to me but that's the new Government's right to put their spin on it and that's what's happening in this particular bill. I think well you know what's in a name? At least it's still going to do exactly pretty much what the original TPP—very good work that was done—Kieran McAnulty: Rubbish! It's completely different.STUART SMITH: And the member across the way wasn't involved in the previous Parliament so I'm not sure how he knows what he's referring to. But I'd welcome him getting on his feet and putting his point forward. I'm sure that everybody would love to hear that particularly the good people of Wairarapa—they'd quite like to hear what's going on and running through their anti-trade person who is not a representative for them but resides in their area. So we'd love to hear what they'd have to say about it particularly since most of the income in that particular area relies on trade. This bill will in fact make it a lot easier for people—well although it's only adding on to the good work of the National Government. But I acknowledge the Minister's role in this and I commend it to the House.