New Zealand Labour still wants TPP part, but only if it can ban foreign home ownership


  • World
  • Tuesday, 12 Sep 2017

New Zealand's new opposition Labour party leader, Jacinda Ardern, speaks during an event held ahead of the national election at the Te Papa Museum in Wellington, New Zealand August 23, 2017. REUTERS/Ross Setford

WELLINGTON (Reuters) - A New Zealand Labour government will still want to be part of the stalled Trans-Pacific Partnership (TPP) trade deal but only if it allows for foreigners to be banned from buying existing homes, opposition leader Jacinda Ardern said on Tuesday.

Labour, firming as the frontrunner ahead of the National government in a Sept. 23 election, wants to curb overseas buyers' home purchases in a bid to cool the housing market and make home ownership more affordable for New Zealanders.

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