Trade has been an important factor in generating the economic growth and development of Malaysia. Malaysia aims to create a liberal, fair global trading environment with greater market access for our people and for those in the signatories through free trade agreements.

 

Malaysia has Free Trade Agreements with:

  • Australia
  • Chile
  • India
  • Japan
  • New Zealand
  • Pakistan
  • Turkey

 

 

 

As a member state of ASEAN, the regional bloc has Free Trade Agreements with:

  • Australia and New Zealand
  • China
  • India
  • Japan
  • Korea

 

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The Trans-Pacific Partnership is a free trade agreement which involves 12 countries:

  • Malaysia
  • Australia
  • Brunei
  • Canada
  • Chile
  • Mexico
  • New Zealand
  • Peru
  • Singapore
  • United States
  • Vietnam
  • Japan

The Cost-Benefit Analysis of TPPA on Malaysia

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“The Government has secured numerous exclusions and exemptions to safeguard the nation’s and stakeholders’ interests. This has been possible because Malaysia was an early participant in TPP negotiations… Malaysian exporters gain a competitive advantage in market access compared to competitors who are not party to the TPP. Independent estimates suggest positive effects on Malaysia’s GDP and investment over a ten year period.”

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“Large gains are also projected for Japan, Malaysia, and Vietnam. Percentage gains are especially large for Vietnam and Malaysia, where the agreement should also stimulate domestic reforms and provide access to protected foreign markets … The largest recipients of inward FDI due to the TPP are the United States, Canada, Japan, and Malaysia”

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“GDP is projected to increase by USD107~211 billion over 2018-2027 … Investment is projected to rise by USD136~239 billion over 2018-2027 … Export-oriented firms to benefit from increased market access such as textiles, automotive components and E&E”

by Peter A. Petri and Michael G. Plummer

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