KOTA BHARU, Malaysia The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed in Santiago, Chile, yesterday, is important for Malaysia’s development, said International Trade and Industry Minister, Mustapa Mohamed.

He said Malaysia should assume an important role in the world economy through the country’s participation in regional and global economic pacts.

We are aware of the people’s concerns regarding the pact, and we are aware that we will not be able to convince everyone, but as a whole, we believe that the CPTPP is good for Malaysia and the world.

There is a group that opposes the CPTPP and they have visited the ministry to voice out their concerns, but the opposition is not as strong as how it used to be, which shows that the people are beginning to understand that the pact is important in terms of trade and for the nation’s development, he told reporters after attending the Malaysian Human Capital Development Dialogue here today.

The CPTPP is a new version of the Trans-Pacific Partnership (TPP) multilateral trade pact, comprising 11 member nations, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

During the signing ceremony in Chile yesterday, Malaysia was represented by Chief Negotiator and MITI Secretary-General J. Jayasiri.

Source: NAM News Network