M’sia to study CPTPP

> Im­pact on ef­forts to dis­trib­ute wealth eq­ui­tably a key point of con­cern

The Sun (Malaysia) - - NEWS WITHOUT BORDERS -

TOKYO: Malaysia is study­ing the im­pli­ca­tions of the Com­pre­hen­sive and Pro­gres­sive Agree­ment for Trans-Pa­cific Part­ner­ship (CPTPP) be­fore de­cid­ing to rat­ify the free trade agree­ment, said Prime Min­is­ter Tun Dr Ma­hathir Mo­hamad.

He said Malaysia has to study the terms of the agree­ment to see how it would af­fect ef­forts to dis­trib­ute wealth in the coun­try eq­ui­tably.

“Although the ne­go­ti­a­tions have been con­cluded, it has not been rat­i­fied,” he told Malaysian me­dia here yes­ter­day on the fi­nal day of his three-day work­ing visit.

CPTPP is a re­branded ver­sion of the Trans-Pa­cific Part­ner­ship Agree­ment, that “col­lapsed” af­ter the US with­drew in Jan­uary 2017 un­der Pres­i­dent Don­ald Trump.

Six coun­tries have rat­i­fied CPTPP, Ber­nama re­ported.

Ma­hathir said Malaysia is dif­fer­ent from other coun­tries, as it is mul­tira­cial.

“The dis­tri­bu­tion of wealth be­tween the races is not fair. Dis­par­i­ties be­tween the rich and the poor even in a sin­gle eth­nic group will lead to con­fronta­tion and vi­o­lence. What more if the poor be­long to one race, the rich be­long to an­other race. That will cause ten­sion, anger, envy and bad feel­ings. We want to avoid that.”

One an­other mat­ter. Ma­hathir said the gov­ern­ment’s ef­forts to get co­op­er­a­tion from the JR Kyushu Rail­way Com­pany to look into prob­lems faced by the na­tional rail­way ser­vice is to en­sure that it is ben­e­fi­cial to the na­tion.

He said Malaysia had re­quested the com­pany’s as­sis­tance in con­duct­ing a study to en­hance the roles and ben­e­fits of our rail­way ser­vices, in­clud­ing cargo de­liv­ery.

“Our train ser­vices are al­most com­plete. How­ever, only 30% is be­ing used.”

Ma­hathir said many large con­tain­ers were trans­ported by road, which was in­ef­fi­cient and would dis­rupt traf­fic.

“We have to use rail­way ser­vices for trans­porta­tion of con­tain­ers and big items. Our rail­way is elec­tri­fied but can­not carry con­tain­ers. In Ja­pan there is a sys­tem for trains to move (such items),” he said.

The study by JR Kyushu Rail­way was one of the is­sues dis­cussed dur­ing Ma­hathir’s meet­ing with his Ja­panese coun­ter­part, Shinzo Abe, on Tues­day.

Ma­hathir, who was ac­com­pa­nied by his wife Tun Dr Siti Has­mah Mo­hamad Ali, be­ing re­ceived by Em­peror Ak­i­hito and Em­press Michiko for a lunch event at the Im­pe­rial Palace in Tokyo yes­ter­day.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.