Malaysia may be affected if TPP collapses
Published on: Friday, November 11, 2016
Kuala Lumpur: Malaysia may be affected if the Trans-Pacific Partnership (TPP) were to be discontinued following Donald Trump's victory in Tuesday's US presidential election. A study conducted by the Ministry of International Trade and Industry (Miti) found that the TPP would help boost Malaysia's gross domestic product, revenue and job creation, its minister, Datuk Seri Mustapa Mohamed said. He said another study conducted by PricewaterhouseCoopers (PwC) projected that one million jobs would be created in the country within 10 years after the TPP's ratification, which was set for 2018.
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"If there is no TPPA (TPP Agreement), then those would not be generated," he told reporters after delivering a keynote address at the Australian Business Asia Conference organised by the Malaysia Australia Business Council (MABC), here Thursday. Mustapa said Malaysia remained committed to the agreement, and would discuss the trade pact at the Asia-Pacific Economic Cooperation (APEC) meeting in Peru in two weeks' time. "For now, it's too early to say what will happen, but we are monitoring the development and we are talking to our colleagues from 11 other countries," he said. Stay up-to-date by following Daily Express’s Telegram channel.
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The TPP is a free-trade agreement that has been negotiated as part of the larger Trans-Pacific Strategic Economic Partnership since 2010. – Bernama
