KUALA LUMPUR, Nov 6 — The Trans-Pacific Partnership Agreement (TPPA) would benefit critical sectors, said the American Malaysian Chamber of Commerce (AMCHAM).
In a statement today, AMCHAM said, the sectors included electrical and electronics (E&E), rubber, palm oil, timber and car components.
It said the E&E sector contributed 33.4 per cent of total exports, equivalent to 43.6 per cent of total manufacturing exports from Malaysia.
“With Malaysia’s participation in the TPPA, the E&E sector will contribute to more high-value job creation.
“AMCHAM urges stakeholders in Malaysia to support the TPPA and continue efforts to build a strong foundation for the country’s economy,” it said, in response to the release of the text of the agreement on the Ministry of International Trade and Industry’s website.
The text released by the TPP member countries yesterday would undergo legal review prior to signing.
After five-and-a-half years of negotiations, Malaysia, Australia, Brunei Darussalam, Canada, Chile, Japan, Singapore, Mexico, New Zealand, Peru, US and Vietnam concluded talks for the TPP on Oct 5 in Atlanta, Georgia (US).
For Malaysia, it would be tabled in Parliament in January or February next year. — Bernama
