Potential Benefits of TPPA On Malaysia's Agrofood Sector
Author: Rozhan Abu Dardak
Trans-Pacific Partnership Agreement (TPPA) is a comprehensive trade agreement among 12 counties in the Asia Pacific region. The countries which participated in the agreement are United States of America, Peru, Mexico, Canada, New Zealand, Chile, Japan, Australia, Vietnam, Singapore, Brunei and Malaysia. The agreement was signed on 4 February 2016 in Auckland, New Zealand. It will however, enter into force after all countries or at least six of the member countries which signed the agreement ratify within two years or before 4 February 2018. The agreement aims to promote economic growth of the countries through a more liberalise trade between member countries. The TPPA contains measures that reduce or abolish trade barriers, the management and protection of environment, good governance, human rights, intellectual property rights, labor standards, and investor-state dispute settlement.
Malaysia started the negotiations to participate in the TPPA on October 2010. The Ministry of International Trade and Investment was mandated to coordinate Malaysia's participation in the TPPA negotiations. There are 21 areas of negotiations that include market access in goods, technical barriers to trade, competition, rules of origin, custom cooperation, e-commerce, capacity building and trade remedies. This paper focuses on the potential benefit of participating the TPPA on the agro-food sector in Malaysia.
Photo: Containers on the ship in Port Klang, Malaysia (Credit: jgmorard/Wikimedia Commons CC BY 2.0) https://adalidda.net/posts/kGq9X6SwRpHDkau8T/potential-benefits-of-tppa-on-malaysia-s-agrofood-sector