Mustapa gets creative in tabling TPPA motion

  • Nation
  • Wednesday, 27 Jan 2016

KUALA LUMPUR: Datuk Seri Mustapa Mohamed, the country’s chief Trans-Pacific Partnership Agreement (TPPA) “salesman”, was in his element as the special parliamentary sitting on the proposed trade pact got under way.

When words were not enough, the International Trade and Industry Minister used an array of props to drive home his points.

Tabling the motion at the Dewan Rakyat yesterday, Mustapa took lawmakers by surprise when he held up a spring coil, a cable, a pair of long pants and gloves.

“This pair of pants now has 20% tax imposed. Once TPPA comes into force, there will be no tax imposed,” he pointed out.

He said three main industries – electrical/electronics, textile and automotives – would benefit from TPPA.

Mustapa said Malaysia decided to join TPPA as the nation did not have any free trade agreement (FTA) with the United States, Canada, Mexico and Peru, adding that TPPA would pave the way for local companies to penetrate the huge US market.

“The import duty for electrical and electronic items from Malay­sia to penetrate the US market is 5% on average.

“With TPPA, the duty for 99.8% of electrical and electronic products will be lifted. This will benefit our companies to increase their investments,” he said, adding that import tax on textile products would be cut by 70% in the first year itself.

He said the Government also felt that Malaysia, despite not being a big player in the automotive industry, had the potential to go further under TPPA.

“By abolishing the duty and rules of origin which require automotive makers to receive input from TPP countries, these (automotive) components can be exported to countries like Canada, the United States and Mexico. This will increase job opportunities.”

He also dismissed allegations by some TPPA critics who claimed that some states would not be able to declare Friday as a weekend.

“There are those who said TPPA will force shops to remain open from noon to 3pm on Fridays and may be fined if they are closed.

“Clearly, these are allegations by individuals who do not understand TPPA at all,” said Mustapa, who noted that TPPA involved 12 countries, including Islamic nations such as Brunei.

He said Malaysia had been given the green light to continue using the halal certification system acknowledged by the Malay­sian Islamic Development Depart­ment.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

News , bureaus


Next In Nation

Selangor Ruler expresses disappointment over outrageous comments on social media
Hotels not required to put up 'Non-Halal Lift' stickers, says Jakim
Job scams: 15 more victims brought home from Cambodia, Laos, six more arriving later
GE15: All component party machinery to move in Perikatan name, says Muhyiddin
MACC nabs 11, including four cops, over traffic summons discount syndicate
Over 470,000 undergrads applied for second phase of student device programme, says Noraini
Egg shortage to be discussed at Cabinet meeting Friday (Oct 7), says Annuar
Action already taken against suspects linked to abuse of Indonesian domestic worker, say cops
RM41mil allocated to build river wall along Sungai Tebrau to stop flash floods
Employers now have 10 hours to receive foreign workers, says Immigration DG

Others Also Read