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The Minister says that the country has not given up on the global and progressive agreement for the Trans-Pacific Partnership, but that it needs time to make sure that this benefits the the nation.
The Minister of International Trade and Industry, Darell Leiking the agreement. (Photo: Bernama)
KUALA LUMPUR: The Malaysian Government's position on the Global and Progressive Partnership for Trans-Pacific Partnership (CPPP) will soon be finalized by the Cabinet.
The Minister of International Trade and Industry, Darell Leiking, said Mahathir Mohamad was looking into the matter.
"He gave his thoughts when he was in Japan, give us time to understand the agreement, the Prime Minister will certainly make a decision on this soon," he said, referring Mahathir's call for reconsideration of the PCPR because the current agreement could be a disadvantage for small economies.
Leiking told reporters after receiving courtesy calls from Singapore delegates, South Korea, Australia and the United Kingdom here today.
He said that Malaysia had not withdrawn from the pact but the new government would need time for Isham Ishak, Secretary General of the Ministry International Trade and Industry, said after the signing of the pact in March this year, that there would be a process of ratification that would require Malaysia to make changes to the laws and regulations l 39; application of the agreement in f February of & # 39; next year.
"Malaysia could miss the date of implementation because we still have to make some changes to the laws and He said that countries that withdrew from the pact after the signing of the agreement would not receive any penalty under its exit clause, but Andrew Goledzinowski, Australian High Commissioner to Malaysia, said that Malaysia and Australia hoped to strengthen cooperation between the two countries in the established bilateral framework.
two countries also discussed regional relations, "We are optimistic about a positive outcome on ratification," he said.
Mr. Goledzinowski said that Australia trusted the new government and was optimistic about the Malaysian government's decision to review the megaprojects
citing the exchange of Tun Razak (TRX) – which has a high rate of involvement by Australian companies – as for example, he believed that there was no fear of government control despite an audit.
On investment, he said that Malaysia had a lot to offer, including the ease of doing business, a highly skilled workforce and Outside the financial sector, Mr. Goledzinowski said that Australia also saw opportunities to strengthen its trade and investment relations with Malaysia in the sectors of tourism, hospitality, construction, energy and energy. ;education. are those of our users and do not necessarily reflect the views of FMT.
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