Malaysia risks losing out if it rejects TPP, warns minister

Source: The Malaysian Insider

Demonstrators hold up placards during a protest against the Trans-Pacific Partnership Agreement (TPPA), outside the U.S. embassy in Kuala Lumpur on August 23, 2013. The Malaysian Insider/Najjua Zulkefli

Demonstrators hold up placards during a protest against the Trans-Pacific Partnership Agreement (TPPA), outside the U.S. embassy in Kuala Lumpur on August 23, 2013. The Malaysian Insider/Najjua Zulkefli

Malaysia risks being left behind by other countries such as Vietnam if it were to reject the Trans-Pacific Partnership (TPP), says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

He said Malaysia risked losing its attraction as a choice investment destination of manufacturers and service providers for the TPP market if it were to stay out of the trade deal.

“Malaysia will face more intense competition from Vietnam and Singapore in wooing foreign investments if we do not join TPP.

“If Indonesia, Thailand and the Philippines were to join TPP later, Malaysia will lag further behind.

“We will also lose the first-mover opportunity, while local and foreign companies operating in Malaysia might scale down their operations.” he said at a briefing on the TPP for civil servants and the business community in Kuching, Sarawak, today. Read more

TPPA to be signed in February with or without Malaysia, says minister

Source: The Malaysian Insider

Pic taken from FMT News

Pic taken from FMT News

The Trans-Pacific Partnership Agreement (TPPA) will be signed in February, with or without Malaysia’s participation, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

“We expect the signing to take place in February and we will table it in the Dewan Rakyat on January 27 and Dewan Negara on January 28 for voting,” he told reporters after hosting a town hall session with small and medium entrepreneurs (SMEs) today.

Earlier, it was announced that New Zealand, one of the 12 members of the TPPA, was expected to host the signing of the landmark deal.

The TPPA countries make up almost 40% of the world’s gross domestic product and a third of global trade. Read more

Economist: Indefinite protection of Bumi interests in TPP undermines aim to be competitive

Source: The Malay Mail Online

tppa_graphic_bahasa_101015KUALA LUMPUR, Dec 1 — The protection of Bumiputera interests within the Trans-Pacific Partnership (TPP) may conflict with Malaysia’s aims of increasing its competitiveness if there is no time limit on the preferential terms, economist Tan Sri Ramon Navaratnam cautioned today.

Ramon congratulated the International Trade and Industry Ministry (MITI) in securing favourable terms in TPP negotiations, singling out in his praise the terms on state-owned enterprises (SOE) where preference is given to Bumiputera companies when contracts are awarded.

“On Bumiputera and SOE, I think it’s a great job. My only question, my only concern is that I’m not sure whether there is a time limit.

“If there is no time limit, I fear that in the longer term, the purpose of getting into TPP might be somewhat eroded, which is TPP intends to increase competition and access,” he said when posing a question during a question and answer session at MITI’s public dialogue on TPP.

In response, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said some general provisions in TPP will be reviewed in five or 10 years’ time, while the value of contracts set aside for Bumiputera firms will be gradually reduced. Read more

TPP cost benefit analysis to be presented to Putrajaya tonight

Source: The Malaysian Insider

tppa_graphic_bahasa_101015Malaysia’s cost benefit analysis (CBA) on the Trans-Pacific Partnership (TPP) agreement will be presented to Putrajaya and the relevant government agencies tonight at 8pm.

International Trade and Industries Deputy Minister Datuk Ahmad Maslan told Parliament today that the CBA was prepared by PricewaterhouseCoopers (PwC) and Malaysia’s Institute of Strategic and International Relations (Isis) and would be handed over to members of the lower house next week.

“The cost benefit analysis prepared by PwC and by Isis is completed and will be presented to Putrajaya, MITI and the relevant officers tonight at 8pm in Putrajaya. We will hand over the CBA next week.

“We will have around more than a month and the debate is (expected) to begin in February, once the Speaker of the House (has) determined the date,” Ahmad said to queries by Parti Sosialis Malaysia’s Sungai Siput MP Dr Michael Jeyakumar. Read more

Pacific trade deal will not lead to hike in medicine prices, says minister

Source: The Malaysian Insider

Datuk Seri Mustapa Mohamed has assured the public that medicine prices will not go up after signing the Pacific trade pact. – The Malaysian Insider filepic, November 13, 2015.

Medicine prices should not go up once the Trans-Pacific Partnership Agreement (TPPA) comes into effect, said Putrajaya, in response to the public’s biggest worry about the trade pact.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said two major elements in TPPA – the length of patents and data exclusivity for biologics – would not lead to higher medicine prices.

Mustapa said these two elements were already present in laws and standards in the Malaysian healthcare industry and so far, they have not led to extraordinary hikes in medicine prices.

“But we know it is a big worry for the public and it is a worry that we need to deal with. Read more

Malaysia boleh tarik diri dari TPPA pada bila-bila masa, kata Mustapa

Sumber: The Malaysian Insider

Menteri Perdagangan Antarabangsa dan Industri Datuk Seri Mustapa Mohamed berkata Malaysia perlu memberi notis 6 bulan jika ingin menarik diri daripada Perjanjian Perkongsian Trans-Pasifik. – Gambar dipetik dari portal FMTNews

Selepas ia dikuatkuasakan, Malaysia masih boleh menarik diri daripada Perjanjian Perkongsian Trans-Pasifik (TPPA) jika Putrajaya merasakan ia tidak mendapat nilai dari wangnya, kata Datuk Seri Mustapa Mohamed hari ini.

Menteri Perdagangan Antarabangsa dan Industri itu berkata, apa yang Putrajaya perlu lakukan hanya memberi notis 6 bulan untuk menarik diri daripada perjanjian perdagangan itu, yang pada masa ini terdiri daripada 11 negara lain.

“Kita boleh menarik diri pada bila-bila masa. Kita hanya perlu beri notis 6 bulan. Kita tidak akan diletakkan sekatan dan negara ini tidak akan diserang.

“Kita cuma akan rugi (kerana) tidak mendapat apa-apa faedah (sekiranya) berada di dalamnya,” kata Mustapa dalam satu rancangan bual bicara secara langsung “SoalJawab” di TV3 hari ini. Read more

TPPA: Just Yes/No vote in Parliament next year

Source: FMT News

tppa_graphic_bahasa_101015KUALA LUMPUR: International Trade and Industry Minister Mustapa Mohamed has revealed that the Trans-Pacific Partnership Agreement (TPPA) which was scheduled to be tabled in Parliament early next year will only be in the form of a Yes-No vote.

When asked on the possibility of making a few changes to the agreement, Mustapa stressed that no changes would be entertained.

“No, there will be no changes in the agreement. We are just going to say ‘yes or no’ in Parliament. It will be a yes or no vote,” he told reporters after officiating the ‘Asean My Market Forum 2015’ here today. Read more

Cost-benefit analysis on Pacific trade deal ready in 10 days, says minister

Source: The Malaysian Insider

tppa_graphic_bahasa_101015The report on two cost-benefit analyses on Malaysia’s participation in the Trans-Pacific Partnership Agreement (TPPA) will be ready in 10 days.

Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed, said the report would be presented to the Cabinet before being made public.

“When the studies are completed, the public will know in detail who the losers and gainers are,” he told reporters in Kuala Lumpur today. Read more