Malaysia ratifies trans-Pacific trade pact

Malaysia ratifies trans-Pacific trade pact

KUALA LUMPUR: Malaysia's cabinet has agreed to ratify the Comprehensive And Progressive Agreement For Trans-Pacific Partnership (CPTPP), the trade ministry said in a statement on Wednesday.

"The CPTPP places Malaysia in a strategic position, elevating our competitiveness in the global arena," the ministry said.

CPTPP is a free trade agreement that links Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Thailand is not a member.

The pact removes 95% of tariffs between its 11 members. 


Do you like the content of this article?
COMMENT (2)

More than 500 Ukrainian localities without power: ministry

KYIV, Ukraine: More than 500 Ukrainian localities remained without power Sunday following weeks of Russian airstrikes on the electric grid, an interior ministry official said.

4 Dec 2022

'Sun torture' probe plea

Army should back off from investigation after dozen recruits wound up in hospital under hours-long exposure to blazing sun, human rights advocate says.

4 Dec 2022

Protest-hit Iran abolishes morality police

TEHRAN: Iran has scrapped its morality police after more than two months of protests triggered by the arrest of Mahsa Amini for allegedly violating the country's strict female dress code, local media said Sunday.

4 Dec 2022