Cost-benefit analysis on Pacific trade deal ready in 10 days, says minister

Source: The Malaysian Insider

tppa_graphic_bahasa_101015The report on two cost-benefit analyses on Malaysia’s participation in the Trans-Pacific Partnership Agreement (TPPA) will be ready in 10 days.

Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed, said the report would 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 in Kuala Lumpur 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 21 members, including Indonesia, China, South Korea and Taiwan, had been successful, and this would be the same for TPPA members as the pact was opened for accession by other Apec economies.

Mustapa said 12 countries were on board and the deal was opened for other nine countries.

The TPPA is a broad agreement to lower trade barriers and increase investment protection in a region comprising 40% 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. – Bernama, November 12, 2015.


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