M'sia To Get Better Market Access, More Investments Under TPPA - Rafidah

By Rosemarie Khoo Mohd Sani KUALA LUMPUR, Feb 5 (Bernama) -- The Trans-Pacific Partnership Agreement (TPPA) will benefit several key sectors through better market access and rising investments, former international trade and industry minister Rafidah Aziz said. "Well done to the government. Malaysia is an open economy, and the TPPA will ensure we can enhance the targeted exports into the larger markets such as the US. "Our sovereign rights to implement development policies such as poverty eradication and economic restructuring will not, in any way, be affected. "Now we must prepare ourselves to optimise the benefits of the TPPA," she told Bernama in response to the TPPA signing by 12 countries in Auckland Thursday. The signing of the TPPA is the culmination of five years and 19 rounds of tough negotiations. The deal, which represents nearly 40 per cent of global gross domestic product worth US$30 trillion, is set to facilitate further growth in the 12 participating nations, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam. Malaysia, which joined the TPPA in the third round of negotiations in October 2010, will see a GDP growth of US$107 billon to US$211 billion over 2018-2027. -- BERNAMA