Malaysia risks losing out if it rejects TPP, warns minister

An article published January 15th, 2016 in The Malaysian Insider, http://www.themalaysianinsider.com/malaysia/article/malaysia-risks-losing-out-if-it-rejects-tpp-warns-minister, states that Malaysian International Trade and Industry Minister Datuk Seri Mustapa Mohamed believes that Malaysia risks losing its attraction as an investment destination of manufacturers and service providers for the TPP market if they decline to be a part of the trade deal. According to Mustapa, “Malaysia will face more intense competition from Vietnam and Singapore in wooing foreign investments if we do not join TPP,” and “We will also lose the first-mover opportunity, while local and foreign companies operating in Malaysia might scale down their operations.” Over the past 5 years of difficult negotiations over the TPP, Malaysia has been granted several exemptions and flexibilities to help defend its own national interests. Mustapa is also quoted as stating that the “government feels that there are more advantages than disadvantages in joining the TPP.” He was cited stating that wider market access, a comprehensive integration in the supply chain at global and regional levels for small and medium enterprises, and an upsurge in investments as examples of positives of the TPP for Malaysia. It is apparent that Mustapa and the Malaysian government believe that the TPP is imperative for the continued success of the Malaysia economy.

Will Malaysia approve the TPP? Do you the TPP will benefit Malaysia as much as Mustapa believes?

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