RCEP more beneficial to Malaysia than TPPA

KUALA LUMPUR: Malaysia should focus on the Regional Comprehensive Economic Partnership (RCEP), as the free-trade agreement (FTA) is more beneficial to the country than the Trans-Pacific Partnership Agreement (TPPA), said Khazanah Research Institute (KRI).

According to the research arm of sovereign wealth fund Khazanah Nasional Bhd, Malaysia stands to gain more from its RCEP partners than its TPPA partners, as the RCEP market is geographically more relevant to Malaysia and this is important in terms of managing the transaction costs for businesses and investors.