Sunday, 14 Nov 2021 10:40 AM MYT
The Malaysian Consortium of Mid-Tier Companies president Callum Chen said two of Malaysia’s regional competitors, Singapore and Vietnam are already benefitting from CPTPP membership, adopting robust strategies aimed at strengthening their economic resilience and sustainability. CPTPP, a trade agreement that brings together 11 countries on both sides of the Pacific; Canada, Australia, Brunei, Chile, Japan, Mexico, New Zealand, Peru, Singapore and Vietnam. Although Malaysia signed the agreement in 2018, the government has yet to ratify the CPTPP.
“Finding new or expanded access to key export markets and attract more investments would mean more opportunities for businesses, including SMEs, to create more and better paid jobs for Malaysians,” he added.