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'We just rolled over and had our tummy tickled' - Labour angst at TPP land deal

More details have been released about the Trans-Pacific Partnership Agreement as the Government starts selling the deal to Kiwis.

However, the Labour Party may throw a spanner in the works, as it threatens to overwrite parts of the deal that stop New Zealand from banning foreigners from buying Kiwi land.

"It's going to take time for people to absorb this, there'll be things in the detail that even I don't know about, we had a team of 15 people, it wasn't just done by Tim Groser for heavens sake," Trade Minister Tim Groser said.

He has promised more details on the TPP in the coming days.

However, Labour is concerned about a provision that means New Zealand can't stop foreigners from the 11 other TPP countries, plus China, Korea, and Taipei buying land in Aotearoa.

"What I find amazing is that other countries, like Australia, were able to carve out a deal for themselves to protect sale of land and foreigners that don't live in their country, we just rolled over and had our tummy tickled," deputy Labour leader Annette King said.

Sensitive land will still be protected by the Overseas Investment Office, but scrutiny on foreign investors will only kick in when they are investing $200 million, up from the current $100 million.

"We can't figure out what characters we're dealing with, whether it's coming out of places like Luxembourg and it's dirty money, if it's money laundering," NZ First leader Winston Peters said.

Opposition parties are questioning details of the Trans-Pacific Partnership as the government tries to sell the deal to Kiwis. Source: 1 NEWS