Ministry to set up two panels for TPPA


  • Business
  • Wednesday, 16 Mar 2016

Minister of International Trade and Industry (MITI) Datuk Seri Mustapa Mohamed speak to the during the press conference in cunjunction with MIDA - Spirit Aerosystem Aerospace Supplier Syposium 2016 in Kuala Lumpur, yesterday.

One to oversee its implementation and the other for feedback

KUALA LUMPUR: The International Trade and Industry Ministry will form two committees –- one to oversee the implementation of the Trans-Pacific Partnership Agreement and the other to gather feedback and assessing the impact of the TPPA implementation.

Minister Datuk Seri Mustapa Mohamed (pic) said a national committee, tasked to monitor, facilitate and oversee the implementation fo the TPPA, will comprise representatives from the ministries and government agencies involved with the trade agreement.

“This committee and subsidiary bodies to be established will mirror the set-up of the TPP Joint Commission and subcommittees under the trade agreement.

“I will continue to engage with members of Parliament in facilitating and monitoring the implementation of the TPPA,” he said in a statement yesterday.

Following the signing of the TPPA on Feb 4, Malaysia and 11 other countries are currently completing domestic procedures to ratify the agreement.

The TPPA involves 12 countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.

“For Malaysia, several laws will be amended, especially three main areas namely rules of origin, intellectual property rights and labour that will ensure our country is in the position to meet the obligations stipulated under the TPPA,” Mustapa added.

He also said a consultative committee will also be formed for the ministry to continue engaging the various stakeholders and gather crucial feedback during the implementation period.

“This committee will be made up of representatives from industry players, business chambers, small and medium enterprises, non-governmental organisations and various other local stakeholders.

“Our engagement with the local stakeholders will continue throughout the entire period before ratification.

“The role of this Consultative Committee will be crucial in gathering feedback and assessing the impact of the TPPA implementation from time to time.”

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