KUALA LUMPUR: The MTUC has urged the Government not to sign the Trans-Pacific Partnership Agreement (TPPA), claiming that it would be detrimental to the well-being of 12.5 million Malaysian workers.
Its president Khalid Atan said the feedback it had received from labour organisations in other countries, including the United States, showed that workers would be at the losing end as big corporations’ priority was dividends for shareholders.
The agreement, he said, would also sideline many International Labour Organisation conventions on workers rights, thus exposing Malaysian workers to exploitation.
Another area of concern is healthcare cost in Malaysia which increases 10% annually, he said, adding that this would raise the prices further due to expensive drugs.
Khalid said the agreement would also allow US firms to employ foreigners, thus suppressing wages and delaying the Government’s plan to turn Malaysia into a high-income nation by 2020.
An initiative involving several countries, the TPPA aims to have a free trade agreement to ensure greater market access for trade and investment to its members. — BernamaRelated story:
An eventful week on the TPPA
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