New Zealand Labour still wants TPP part, but only if it can ban foreign home ownershipWELLINGTON (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. Foreigners with the right to live in New Zealand would be exempt from Labour s proposed ban, which would still be at odds with provisions in the TPP trade deal as well as New Zealand s free trade agreement with South Korea.  It is an agreement we want to be part of, but we also want to maintain our ability to legislate under our laws to protect what is an overheated housing market,  Ardern said.  We want to be in there but our housing bottom line is pretty firm for us,  she told New Zealand media. The original 12-member TPP, which aims to cut trade barriers in some of Asia s fastest-growing economies, was thrown into limbo in January when U.S. President Trump withdrew from the agreement. The remaining 11 members have said they remain committed to the deal, but implementation of the agreement linking 11 countries with a combined GDP of $12.4 trillion has stalled. Ardern, who has almost single-handedly changed Labour s election chances since becoming leader in August, has made home ownership a campaign focus. She has criticized National for failing to tackle a housing crisis during nine years in government, promising to build more affordable homes and to crack down on foreign speculators. Labour wants to reconsider New Zealand s role in the TPP if foreign investment provisions are not restricted. Banning foreign investment in existing homes would also mean having to renegotiate New Zealand s trading agreement with South Korea, although its free trade deal with China already provides for restrictions on foreign investment.  Korea has the same carve-out ... for themselves so they can restrict New Zealanders ... Australia has that same carve-out in their agreement with Korea, so we don t anticipate that would be a significant sticking point,  she said. National criticized Labour s plans to renegotiate the trade agreement with South Korea, describing it as an  ill-thought out and vague  policy. Support for Labour rose to 41.8 percent in the latest average of opinion polls, nudging above National s 41.1 percent. worldnews
new zealand labour still wants tpp part ban foreign home ownershipwellington reuters a new zealand labour government still want part stalled partnership tpp trade deal allows foreigners banned buying existing homes opposition leader jacinda order said tuesday labour forming frontrunner ahead national government election wants curb overseas buyers home purchases bid cool housing market make home ownership affordable new zealanders foreigners right live new zealand would exempt labour proposed ban would still odds provisions tpp trade deal well new zealand free trade agreement south korea it agreement want part also want maintain ability legislate laws protect overhead housing market order said we want housing bottom line pretty firm us told new zealand media the original tpp aims cut trade barriers asia economies thrown limbo january president trump withdrew agreement the remaining members said remain committed deal implementation agreement linking countries combined gdp trillion stalled order almost changed labour election chances since becoming leader august made home ownership campaign focus she criticized national failing tackle housing crisis nine years government promising build affordable homes crack foreign spectators labour wants reconsider new zealand role tpp foreign investment provisions restricted banning foreign investment existing homes would also mean negotiate new zealand trading agreement south korea although free trade deal china already provides restrictions foreign investment korea restrict new zealanders australia agreement korea anticipate would significant sticking point said national criticized labour plans negotiate trade agreement south korea describing vague policy support labour rose percent latest average opinion polls judging national percent worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: New Zealand Labour still wants TPP part, but only if it can ban foreign home ownershipWELLINGTON (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. Foreigners with the right to live in New Zealand would be exempt from Labour s proposed ban, which would still be at odds with provisions in the TPP trade deal as well as New Zealand s free trade agreement with South Korea.  It is an agreement we want to be part of, but we also want to maintain our ability to legislate under our laws to protect what is an overheated housing market,  Ardern said.  We want to be in there but our housing bottom line is pretty firm for us,  she told New Zealand media. The original 12-member TPP, which aims to cut trade barriers in some of Asia s fastest-growing economies, was thrown into limbo in January when U.S. President Trump withdrew from the agreement. The remaining 11 members have said they remain committed to the deal, but implementation of the agreement linking 11 countries with a combined GDP of $12.4 trillion has stalled. Ardern, who has almost single-handedly changed Labour s election chances since becoming leader in August, has made home ownership a campaign focus. She has criticized National for failing to tackle a housing crisis during nine years in government, promising to build more affordable homes and to crack down on foreign speculators. Labour wants to reconsider New Zealand s role in the TPP if foreign investment provisions are not restricted. Banning foreign investment in existing homes would also mean having to renegotiate New Zealand s trading agreement with South Korea, although its free trade deal with China already provides for restrictions on foreign investment.  Korea has the same carve-out ... for themselves so they can restrict New Zealanders ... Australia has that same carve-out in their agreement with Korea, so we don t anticipate that would be a significant sticking point,  she said. National criticized Labour s plans to renegotiate the trade agreement with South Korea, describing it as an  ill-thought out and vague  policy. Support for Labour rose to 41.8 percent in the latest average of opinion polls, nudging above National s 41.1 percent. worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: new zealand labour still wants tpp part ban foreign home ownershipwellington reuters a new zealand labour government still want part stalled partnership tpp trade deal allows foreigners banned buying existing homes opposition leader jacinda order said tuesday labour forming frontrunner ahead national government election wants curb overseas buyers home purchases bid cool housing market make home ownership affordable new zealanders foreigners right live new zealand would exempt labour proposed ban would still odds provisions tpp trade deal well new zealand free trade agreement south korea it agreement want part also want maintain ability legislate laws protect overhead housing market order said we want housing bottom line pretty firm us told new zealand media the original tpp aims cut trade barriers asia economies thrown limbo january president trump withdrew agreement the remaining members said remain committed deal implementation agreement linking countries combined gdp trillion stalled order almost changed labour election chances since becoming leader august made home ownership campaign focus she criticized national failing tackle housing crisis nine years government promising build affordable homes crack foreign spectators labour wants reconsider new zealand role tpp foreign investment provisions restricted banning foreign investment existing homes would also mean negotiate new zealand trading agreement south korea although free trade deal china already provides restrictions foreign investment korea restrict new zealanders australia agreement korea anticipate would significant sticking point said national criticized labour plans negotiate trade agreement south korea describing vague policy support labour rose percent latest average opinion polls judging national percent worldnews