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FMM calls for ratification of the TPPA


  • Economy
  • Friday, 15 Jan 2016

“If we fail to conclude the TPPA, our Asean neighbours -- Vietnam, Singapore and Brunei -- will move ahead strongly,” Saw says.

“If we fail to conclude the TPPA, our Asean neighbours -- Vietnam, Singapore and Brunei -- will move ahead strongly,” Saw says.

KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) has asked the Government to ratify the Trans-Pacific Partnership Agreement (TPPA), as it provides access to a huge duty free market.

Under the TPPA, tariffs will be removed on 85% of Malaysia’s trade with its new free trade agreement (FTA) partners, namely Canada, Mexico, Peru and the United States, and save US$$1.2bil (RM5.3bil) in tariffs for Malaysian industry.

   

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