Page 21 - PERKASA_JanMar2017(1)
P. 21
21
US Withdrawal The RCEP participating countries with a The TPPA was expected to be ratified by
From TPPA Will population of 3.4 billion people have a these countries by the end of 2018.
combined gross domestic product (GDP)
Hasten Negotiations of US$21.4 trillion (US$1= RM4.43), Minister of International Trade and
On RCEP which is about 30 percent of the global Industry, Datuk Seri Mustapa Mohamed
GDP. The RCEP is poised to be signed by
said, Malaysia would focus on the RCEP
participating countries by the end of 2017. following the decision to abort the TPPA.
He added that the volatile global economy
Meanwhile, the TPPA accounted for 40 motivates the resolve of RCEP countries
percent of the global GDP. It involved which are among the fastest growing
Australia, Brunei, Canada, Chile, Japan, economies in the world.
Malaysia, Mexico, New Zealand, Peru,
Singapore, The United States and Vietnam. Source: Borneo Post . 1 February 2017
T he withdrawal of the
United States from
the Trans-Pacific
Partnership Agreement (TPPA)
will help hasten the process
of concluding negotiations on
the Regional Comprehensive
Economic Partnership (RCEP).
RCEP is a proposed free trade
agreement (FTA) involving 10
ASEAN countries, namely
Brunei, Cambodia, Indonesia,
Laos, Malaysia, Myanmar, The
Philippines, Singapore, Thailand
and Vietnam alongside Australia,
China, India, Japan, South Korea
and New Zealand.
According to the President of
Malaysia-China Chamber of
Commerce (MCCC), Mr. Tan
Yew Sing, the RCEP will benefit
all the 16 participating countries
although it is slightly smaller
in coverage compared to the
TPPA. He urged the local small
and medium scale enterprises
of all races to join the MCCC as
a platform to penetrate China
adding that MCCC is not only
focused on helping the Chinese
but also the Bumiputeras and the
Indians in order to boost exports
and revenue for Malaysia.
“The decision by President
Donald Trump will boost the
momentum and help the RCEP
conclusion process” he said.
US Withdrawal The RCEP participating countries with a The TPPA was expected to be ratified by
From TPPA Will population of 3.4 billion people have a these countries by the end of 2018.
combined gross domestic product (GDP)
Hasten Negotiations of US$21.4 trillion (US$1= RM4.43), Minister of International Trade and
On RCEP which is about 30 percent of the global Industry, Datuk Seri Mustapa Mohamed
GDP. The RCEP is poised to be signed by
said, Malaysia would focus on the RCEP
participating countries by the end of 2017. following the decision to abort the TPPA.
He added that the volatile global economy
Meanwhile, the TPPA accounted for 40 motivates the resolve of RCEP countries
percent of the global GDP. It involved which are among the fastest growing
Australia, Brunei, Canada, Chile, Japan, economies in the world.
Malaysia, Mexico, New Zealand, Peru,
Singapore, The United States and Vietnam. Source: Borneo Post . 1 February 2017
T he withdrawal of the
United States from
the Trans-Pacific
Partnership Agreement (TPPA)
will help hasten the process
of concluding negotiations on
the Regional Comprehensive
Economic Partnership (RCEP).
RCEP is a proposed free trade
agreement (FTA) involving 10
ASEAN countries, namely
Brunei, Cambodia, Indonesia,
Laos, Malaysia, Myanmar, The
Philippines, Singapore, Thailand
and Vietnam alongside Australia,
China, India, Japan, South Korea
and New Zealand.
According to the President of
Malaysia-China Chamber of
Commerce (MCCC), Mr. Tan
Yew Sing, the RCEP will benefit
all the 16 participating countries
although it is slightly smaller
in coverage compared to the
TPPA. He urged the local small
and medium scale enterprises
of all races to join the MCCC as
a platform to penetrate China
adding that MCCC is not only
focused on helping the Chinese
but also the Bumiputeras and the
Indians in order to boost exports
and revenue for Malaysia.
“The decision by President
Donald Trump will boost the
momentum and help the RCEP
conclusion process” he said.
