Malaysia trade minister calls on parliament to pass TPP bill

According to an article posted on January 26th, 2016 in The Bangkok Post, http://www.bangkokpost.com/news/asean/840260/malaysia-trade-minister-calls-on-parliament-to-pass-tpp-bill, Malaysia’s trade Minister Mustapa Mohamed warned Tuesday that Malaysia will lag behind Vietnam if it does not accept the Trans Pacific Partnership trade deal as parliament began a session to debate and vote on the free trade act. According to Mohammed, “Thirty years ago, Malaysia, South Korea, Singapore and Taiwan were at the same level of development. Today, the other three are developed nations while Malaysia is still stuck in the middle-income trap,” and “We don’t want to be overtaken by Vietnam or other neighboring countries.” He is worried that “Malaysia will regret it if we do not sign the TPPA as investors will look at countries like Vietnam as a more attractive investment destination.” Just as in some of the other member countries, the TPP has received criticism in Malaysia from some parties. Last Saturday, thousands took to the streets of Kuala Lumpur in a last ditch attempt to stop the Malaysian government from signing the deal. The crowd’s contentions range from an increase in medicine prices, erosion of sovereignty, to further economic displacement of ethnic Malaysians. The members of the Malaysian House are scheduled to vote on the deal on Wednesday, and the senate are scheduled to vote on the deal on Thursday.

Do you think that the TPP will benefit Malaysia? Will the Malaysian government sign the trade deal?

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