As mentioned in this issue’s lead story, the uncertainty surrounding the TPPA is likely to have an impact on global trade, and global trade companies.  Below, we take a look at three companies based in industries that would have been impacted by the TPPA . You may hold shares in these companies through your investment in the funds managed by BT Funds Management (NZ) Limited, the investment arm of Westpac in New Zealand, including the Westpac KiwiSaver Scheme, Westpac Active Series and the Westpac Premium Investment Funds.


Founded in 1998 Google’s mission is "to organise the world's information and make it universally accessible and useful”. Beyond just creating the global front page to the internet, the web giant is at the centre of cloud, mobile and wearable computing and is increasingly helping to shape the future of transportation, energy, education and science. Under the TPPA one of the likely outcomes may have been fewer restrictions on tech giants like Google being able to access foreign markets.

lululemon athletica 

Founded in Vancouver, Canada in 1998.  The company describes itself as “a technical athletic apparel company for yoga, running, and training”. Initially the company produced and designed yoga wear for women, but over time has expanded to a range of sportswear, including cycling, running and training for both men and women.  Since its inception the company, including to New Zealand, has expanded globally and is now a major global player in the sportswear market.  The business has a strong focus on sustainability, including a responsible supply chain and environmental footprint.  Its vision is to be “a model for community-led sustainability by inspiring and engaging leaders to imagine and achieve the possible and impossible”. For many apparel companies like lululemon, the TPPA would have likely made it easier and less expensive to manufacture in, and source materials from, foreign countries.

Toyota Motor Corporation (TMC)

Headquartered in Toyota City, in Aichi, Japan, the multi-national company was founded in 1937 and today is one of the world’s largest auto manufacturers.  As well as producing under the Toyota brand, the corporation produces vehicles under other brands including Hino, Lexus, Ranz and Daihatsu.  As well as being a leader in manufacturing traditional motor vehicles, the company is a market leader in the production and sale of hybrid vehicles.  As at 31 March 2016 TMC was worth 635 billion yen and employed nearly 350,000 people.  In addition to its well-known businesses, the corporation is also involved in a range of other areas including housing, financial services, IT automobile integration and marine. The TPPA would likely have made it easier and less expensive for auto manufacturers such as Toyota to access foreign markets, such as the U.S.