Trans-Pacific Partnership's benefit to Australia 'very small'

Resurrected trade deal will bring just 0.5% of real national income, economists say

The revived Trans-Pacific Partnership trade agreement will produce a "very small" benefit for Australia but the "symbolism" of the deal should not be underplayed, economists say.

Paul Dales and Katie Hickie from Capital Economics have written to clients saying the resurrected Trans-Pacific Partnership (TPP), announced by Malcolm Turnbull this week, will not produce the large benefits people think.