Thursday, 3 December 2015

Malaysia will be more competitive after joining the TPP



Malaysia's participation in the Trans-Pacific Partnership Agreement (TPPA) will make the country more competitive, said Prime Minister Datuk Seri Najib Tun Razak.

Najib said the matter was stated by the representatives of the Business Council of the Asia-Pacific Economic Cooperation (APEC) -United States (US) In a meeting with members of the US-ASEAN Business Council and US Chamber of Commerce in Manila, Philippines.



They also look forward to other ASEAN countries follow Malaysia joined the TPP.

Business representatives had also expressed appreciation to Malaysia for their efforts in completing the negotiation process, which is currently in the domestic.

In the meantime, he said, representatives from APEC-US Business Council, also praised the government's business-friendly approach and the returns from their investments in Malaysia.

He said that the praise and confidence by business representatives proves that government policies, including the policy of the Economic Transformation effective and well received abroad, especially from the business community.



TPPA stands for Trans Pacific Partnership Agreement (TPPA) and is also known as the Trans-Pacific Strategic Economic Partnership Agreement.  It is a multilateral free trade agreement currently being negotiated by 11 countries, led by the US. Malaysia is one of the parties negotiating in the TPPA. It aims to further liberalise the economies of the Asia-Pacific region.  Covering a broad spectrum of areas and has 29 chapters (and counting), some areas affect our public health, environment and courts system.





References
1. Shuhaimi Zabri. accessed: 18 november 2015." Malaysia akan lebih kompetitif selepas menyertai TPP - Najib ". Astro Awani. <http://www.astroawani.com/berita-bisnes/malaysia-akan-lebih-kompetitif-selepas-menyertai-tpp-najib-81318 >.
2." What is TPPA ?". Najis TPPA. < http://najistppa.org/what-is-tppa.html>.
3. BERNAMA. accessed: 18 november 2015." American Companies Delighted With Malaysia's Decision To Join TPP - Najib ". Malaysian Digest.com. < http://www.malaysiandigest.com/frontpage/29-4-tile/579569-american-companies-delighted-with-malaysia-s-decision-to-join-tpp-najib.html >.

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