CPTPP can boost Malaysia’s exports, says envoy
KUALA LUMPUR: The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) could potentially enhance Malaysia’s exports, said Canadian High Commissioner to Malaysia, Julia Bentley.
She said the CPTPP agreement was advantageous to member economies and could increase the capacity of local businesses.
The 11 countries that signed the trade agreement — still pending ratification — are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
“We fully support Malaysia’s commitment in the CPTPP agreement and feel it is the best move. It will increase exports of goods from Malaysia, such as palm, rubber and crude oil products, to CPTPP member countries,” said Bentley during a discussion on CPTPP on Thursday.
The event was jointly organised by the Malaysia Canada Business Council (MCBC) and Malaysian Australian Business Council (MABC), supported by the Japanese Chamber of Trade and Industry Malaysia.
Also present were Japanese Ambassador to Malaysia Dr Makio Miyagaya; Australian Deputy High Commissioner to Malaysia Michael Growder; MCBC president Robert Grant and MABC deputy chairman Datuk Peter Tan.
Meanwhile, Tan said the CPTPP implementation would also help boost the economies of other Asean countries.
He said developing countries stood to benefit from developed countries’ involvement but added that the agreement should be fair to all member countries.