Trans-Pacific Partnership analysis presented soon - Azmin
Azmin, who is also the International Trade and Industry Minister, said the analysis was completed last month.
He said the analysis recommends solutions to...
A cost-benefit analysis (CBA) for ratifying the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will be presented to the cabinet soon, said Senior Minister Mohamed Azmin Ali.
Azmin, who is also the International Trade and Industry Minister, said the analysis was completed last month.
He said the analysis recommends solutions to address any issues or costs that may arise as a result of the implementation of the CPTPP.
“The CBA also takes into consideration the impact of the Covid-19 pandemic including the capacity and measures that the government can take, in line with the Federal Constitution and national laws without violating the provision and commitment under CPTPP.
“There are seven chapters under the CBA including sectoral analysis in Chapter 5 (implications on 14 main economic sectors). While chapter 6 includes Thematic Findings for eight aspects in the CPTPP agreement,” he said in Parliament today.
He was replying to a question by Charles Santiago (Pakatan Harapan-Klang).
Azmin (above) said his ministry also planned to hold engagement sessions with related stakeholders to share the findings of the CBA.
This is to ensure all stakeholders clearly understand Malaysia’s rights and obligations under the CPTPP, he said.
In a reply to a supplementary question from Wong Hon Wai (Harapan-Bukit Bendera), Azmin said so far, nine out of the 14 acts at the federal level related to CPTPP have been tabled and approved in Parliament.
“The remaining five acts are still in the process of amendments and are expected to be tabled in Parliament according to the schedule of the ministries concerned,” he said.
The acts and ordinances involved are the Employment Act 1955, Trade Unions Act 1959, Labour Ordinance (Sabah Chapter 67), Labour Ordinance (Sarawak Chapter 76), and the Communications and Multimedia Act 1998.
- Bernama
Are you sure you want to delete this comment?
This action cannot be undone.