KUALA LUMPUR, Oct 15 (Bernama) — The Trans-Pacific Partnership Agreement (TPPA) will open up more opportunities in the foreign markets for local firms from the private sector and government-linked companies, said Minister in the Prime Minister’s Department, Datuk Seri Abdul Wahid Omar.
He said the electrical and electronic (E&E) sector would benefit alot considering its high export level of up between 35 and 36 per cent.
“This is because many firms have invested in the E&E sector, among them firms from US and other countries.
“If Malaysia does not want to join the TPPA, our dominant position in this industry will be affected and this bring negative effects on the country’s economy,” he said.
Abdul Wahid said this at TV3’s Question&Answer programme on the ‘Country’s Economy’ on Wednesday night.
He said the TPPA would also reduce trading costs as foreign products would be allowed to come into the country.