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Step Into The Trodden Path Of CPTPP Cautiously
Business Today Malaysia
|September 2021
Discussions are up in the air again among policymakers as to whether they should ratify the Comprehensive and Progressive Agreement for TransPacific Partnership (CPTPP), a new acronym for the earlier botched Trans-Pacific Partnership (TPPA).
The underlying narrative of the CPTPP is increased trade and comprehensive market access to justify Malaysia’s participation but one wonders if these can still be achieved without CTPPA.
The CPTPP at the end of the day is an agreement and like all agreements, it is predicated on criteria and conditions that debunk the myth that it is all about trading freely which the name suggests.
Malaysia already has free trade agreements with many of the 11 member countries of the CPTPP and has little trade with countries that it does not have an agreement with.
In addition, CTPPA members also belong to the World Trade Organisation (WTO). The WTO is the single largest trade agreement conceived more than two decades ago.
Diese Geschichte stammt aus der September 2021-Ausgabe von Business Today Malaysia.
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