Ong: Important for Malaysia to sign TPPA


  • Business
  • Saturday, 16 Jan 2016

Fiery launch: Ong (second left) and New Zealand trade commissioner Matt Richie officiating at the launch of PxP Viral Social E-Commerce platform. Looking on are Genopharma Sdn Bhd

SUBANG JAYA: International Trade and Industry II Minister Datuk Seri Ong Ka Chuan reiterated the importance of signing the Trans-Pacific Partnership Agreement (TPPA), stating that Malaysia will lose out to other participating countries if it remains outside the TPPA fold.

Ong said being a TPPA member will create capacity for production and foreign investors here will be able to sell their goods without tax barriers. He was speaking at the launch PXPGEN’s PxP Viral Social E-Commerce platform, an online e-commerce marketing tool.

PXPGEN is a collaboration between NxEra, an affiliate of global technology leader Foxconn Technology Group and Power-All Networks, a Foxconn subsidiary.

The platform enables small and medium sized enterprises (SMEs) to leverage on data analystics to broaden customer base.

Healthcare company Genopharma opted for the PxP platform to grow its brand and customer base online. Genopharma (M) global executive director Datuk Seri Eugene Liu E Jen said the platform allows both SMEs and large corporations to utilise social and group influence online and offline in a cost-effective way to brand and market products.

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Business , TPPA , e-commerce , genopharma , pxpgen

   

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