Tag: Trans Pacific Partnership
The original 12-member deal was thrown into limbo early last year when President Donald Trump withdrew from the agreement to prioritise protecting US jobs.
Signed in March without the US, the Trans-Pacific Partnership will be effective 60 days after ratification by at least six of the 11 signatories - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
Bantah-TPPA is urging the government to withdraw from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership as it does not protect Malaysia’s interest.
The prime minister says the water issue is among the things to settle with Singapore, and pushes back against super powers China and US.
Moody's says Malaysia will benefit from access to new markets.
Minister Mustapa Mohamed says for Trans-Pacific Partnerhip, Malaysia will amend relevant laws in order to complete the ratification process.
Protest organisers say that the TPP 'is an international economic agreement that, despite criticism from the public for lack of information and public debate.
The 11 nations to go on with the Trans-Pacific Partnership trade agreement, minus the US which withdrew shortly after President Donald Trump took office.
Revised trade pact, called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, is expected to be signed in Chile on March 8.
Klang MP Charles Santiago says trade ministry must undertake new cost-benefit analysis as the US is no longer part of the agreement.
Trans-Pacific Partnership offered very little gain to Malaysia, more so now with access to US market off the table.
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.
Trade Minister Mustapa Mohamed does not specify which provisions should be suspended but says they relate to state-owned enterprises, govt procurement issues.
The PPBM chairman says his main intention is for the opposition coalition to win GE14, adding that he has experience in winning elections.
Economic scholars reveal potential drop in income gains for member nations now that the US looks likely to pull out of Trans-Pacific Partnership.
The Trans-Pacific Partnership can only be declared 'dead' if the US and/or Japan withdraws from the Agreement.
The drastic fall of the ringgit has a negative bearing on consumer sentiment while making it harder for local employers to hire migrant workers.
House and Senate leaders have said they will not proceed with a lame-duck vote until new president takes office.
International Trade Commission says Trans-Pacific Partnership may only have a small positive effect on growth.