Trans-Pacific Partnership offered very little gain to Malaysia, more so now with access to US market off the table.
PM says sentiment bolstered by IMF Managing Director Christine Lagarde, who said global economic recovery had been better than expected.
Perjanjian perdagangan itu kini dikenali sebagai Perjanjian Komprehensif dan Progresif bagi Perkongsian Trans-Pasifik.
Prime Minister Najib Razak says there is still no agreement from talks so far but 11 remaining countries will continue to pursue trade pact.
Canadian officials said the TPP was not dead and they were still at the table in Danang. They say Canada cannot be rushed into an agreement if it isn’t beneficial enough for Canadian jobs.
Economies such as Malaysia and Vietnam -- with its massive state sector -- are less inclined to concede ground on testy areas now the carrot of access to American markets has been taken from the table.
Mustapa Mohamed berkata setakat ini belum ada kata putus kerana ada banyak perkara dalam perjanjian kurang disenangi termasuk oleh Malaysia.
Trade Minister Mustapa Mohamed does not specify which provisions should be suspended but says they relate to state-owned enterprises, govt procurement issues.
Officials from international trade and industry ministry looking forward to talks between minister Mustapa Mohamed and US counterparts to help resolve issue.
While Trump has said he will not change his mind on TPP, the remaining members are hopeful a future US president will commit to the agreement, a cornerstone of former President Barack Obama's pivot to Asia.
Datuk Seri Mustapa Mohamed berkata TPP masih relevan kepada negara ini dan sebarang perbincangan berkaitan adalah seiring dengan RCEP.
Duterte gave his backing to a planned trade pact backed by China known as the Regional Comprehensive Economic Partnership.
Despite recent discord over France’s stand on biofuels, Malaysia has not reached the stage where it will stop buying from France, says International Trade and Industry Minister Mustapa Mohamed.
Without the US expanded intra-regional trade will deliver smaller benefits, but the deal is still a net plus.
Jeffrey J Schott of the US Peterson Institute for International Economics says pursuing the pact will help with regional integration.
New Zealand, Australia and Japan have been pushing for the deal to continue, but Malaysia’s International Trade Minister Mustapa Mohamed says Malaysia is less keen to proceed.
We will need to ensure that our interests remain protected and the benefits derived from it still outweigh the costs, says International Trade Minister Mustapa Mohamed.
The US rules out returning to the TPP trade deal, saying it only wants bilateral agreements in Asia.
Singapura berkata, ia akan memberi kesan limpahan yang positif ke atas penyepaduan ekonomi di rantau ini, selain menerima negara lain yang berminat untuk menyertainya apabila dilaksanakan kelak.
Keputusan negara anggota memastikan hayat TPP, tetapi tanpa komitmen penuh untuk mengerakkan perjanjian serta merta.
All of us are keen to know whether America is committed to have an open, liberal trading environment, says international trade minister Mustapa Mohamed.
The open letter reiterates concerns regarding the negative impacts of the agreement on people’s right to health and access to affordable medicines.
ASEAN first pushed the idea for RCEP in 2012, but it became eclipsed by the TPP, which former US President Barack Obama had promoted as a progressive deal that would prevent China from "writing the rules of global trade".
Officials did not rule out a "TPP 2.0" with China.