KUALA LUMPUR, May 28 (Bernama) — The government is willing to receive views and proposals from various parties relating to the Trans Pacific Partnership (TPP) before it is finalised at year-end.
Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said the implementation of the TPP will ensure that the economic interest of the country is protected, more so, for the small medium enterprises sector as well as Bumiputera entrepreneurs.
He told reporters this when asked about the TPP developments after a meeting with representatives of chambers of commerce here today.
“The process is ongoing and the government is prepared to cooperate with various parties and take general views, and views from the media are also welcomed to implement this agreement, and this kind of cooperation will be increased,” he said.
He said Malaysia’s involvement in international trade agreements such as the TPP should be made to ensure that the country’s products are able to rival competitvely in foreign markets.
“If Malaysia does not get involved in such agreement, the implication is that the local products will be subjected to high import tax compared with other countries, hence this will make it difficult for our companies to penetrate the foreign markets,” Mustapa said.
Malaysia is one of 11 countries involved in a series of discussions on the agreement, and this agreement will form the biggest free trade network in the world if it is implemented successfully.
Mustapa also explained on the current political scenario which was expected to give a temporary impact on the country’s economic development.
“In every country, there is definitely an opposition party and for sure there are gatherings organised by them, however the silent majority will determine the country’s progress,” he said.
Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said the implementation of the TPP will ensure that the economic interest of the country is protected, more so, for the small medium enterprises sector as well as Bumiputera entrepreneurs.
He told reporters this when asked about the TPP developments after a meeting with representatives of chambers of commerce here today.
“The process is ongoing and the government is prepared to cooperate with various parties and take general views, and views from the media are also welcomed to implement this agreement, and this kind of cooperation will be increased,” he said.
He said Malaysia’s involvement in international trade agreements such as the TPP should be made to ensure that the country’s products are able to rival competitvely in foreign markets.
“If Malaysia does not get involved in such agreement, the implication is that the local products will be subjected to high import tax compared with other countries, hence this will make it difficult for our companies to penetrate the foreign markets,” Mustapa said.
Malaysia is one of 11 countries involved in a series of discussions on the agreement, and this agreement will form the biggest free trade network in the world if it is implemented successfully.
Mustapa also explained on the current political scenario which was expected to give a temporary impact on the country’s economic development.
“In every country, there is definitely an opposition party and for sure there are gatherings organised by them, however the silent majority will determine the country’s progress,” he said.