KUALA LUMPUR, Aug 1 — The Institute for Democracy and Economic Affairs (IDEAS) called for the prompt ratification of the Comprehensive and Progressive Trans-Pacific Partnership...
KUALA LUMPUR, Aug 1 — The Institute for Democracy and Economic Affairs called for the prompt ratification of the Comprehensive and Progressive Trans-Pacific Partnership by end-2022 to help facilitate the country’s post-Covid-19 recovery.
“However, the cost of Malaysia not ratifying the agreement is quite significant as welfare gains are expected to be lower due to effects of trade diversion and limited market access to other new trading partners,” said the director of research and also director of the economics and business unit Juita Mohamad.
With the possible entry of the UK and China into the CPTPP, cumulative GDP gains are projected to rise to US$125.4 billion over the baseline for the same period.
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