TPP to position Malaysia as global investment destination

An article published on August 19th, 2015 in The Borneo Post (http://www.theborneopost.com/2015/08/19/tpp-to-position-malaysia-as-global-investment-destination/) describes how the Trans-Pacific Partnership (TPP) is vital for Malaysia because they are continuously seeking new and greater market access for their goods and services by creating a more liberalized and fair global trading environment. According to Datuk Wira Jalilah Baba, the president of the Malaysian International Chamber of Commerce and Industry, “To ensure that Malaysia continues to gain market access internationally and remains an attractive location for foreign investment, we need to pursue bilateral and regional trading arrangements.” Jalilah views the TPP as an important initiative for Malaysia to expand their current market access opportunities, build investor confidence, enhance their competitive advantage, and finally attract foreign investment into the country. He also believes that “The TPP is expected to allow Malaysia to serve as a base of operations for foreign companies in non-TPP countries as well.” The TPP is anticipated to open up a market of 793 million people with a combined GDP of $27.5 trillion, which is vastly larger than the limited Malaysian domestic market of 29.5 million people with a GDP of $300 billion. Malaysia hopes to go on the offensive and take advantage of these new international markets upon the completion of the TPP. Jalilah believes that “Moving away from ‘developing nation’ towards ‘developed nation’ means relying less on preferences granted and more on competitive access to global markets – this is what the TPPA and future FTAs (free trade agreements) will bring.” How can Malaysia take advantage of the TPP after its completion? What share of the TPP market can Malaysia capture?

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