Mustapa: TPPA cost-benefit report ready in 10 days
The report on two cost-benefit analyses on Malaysia’s participation in the Trans-Pacific Partnership Agreement (TPPA) will be ready in 10 days.
International Trade and Industry Minister Mustapa Mohamed said the report will be presented to the cabinet before being made public.
“When the studies are completed, the public will know in detail who the losers and gainers are,” he told reporters at the Showcase and Forum Asean ‘Mymarket’ today.
On Indonesia’s interest in TPPA, Mustapa said, he welcomed the country’s participation as the deal would give it greater access to markets.
Giving an example, he said, the Asia-Pacific Economic Cooperation’s (Apec) 21 members, including Indonesia, China, South Korea and Taiwan, had been successful, and this would be the same for TPPA members as the pact is opened for accession by other Apec economies.
Mustapa said 12 countries are on board and its is opened for other nine countries.
The TPPA is a broad agreement to lower trade barriers and increase investment protection in a region comprising 40 percent of the global economy.
The negotiations among 12 nations were concluded last month, involving Malaysia, the US, Canada, Japan, Vietnam, Singapore, Brunei, Chile, New Zealand, Australia, Mexico and Peru.
The Showcase and Forum Asean ‘Mymarket’, which is organised by the International Trade and Industry Ministry and its agencies, provides an effective and valuable platform for participants to share experiences and information on penetrating the Asean market.
Earlier, Mustapa also launched the Integrated Centre for Export.
The centre aims to improve the delivery system of government agencies to exporters mainly small and medium enterprises and will serve as a full-fledged centre for exporters by offering advisory services, consultations and export-related information.
- Bernama
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