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Malaysia ratifies the CPTPP

The Edge Markets LogoThe Edge Markets3 mo ago

Malaysia ratifies the CPTPP - The Edge Markets

Quick Summary:

In light of the findings of the cost-benefit analysis (CBA), it is clear that the benefits accruing from the ratification of the CPTPP far outweigh any potential costs that may arise from the implementation of this agreement, it said.“In sum, the CPTPP places Malaysia in a strategic position, elevating our competitiveness in the global arena.

It said the CPTPP GP market, excluding Malaysia, is estimated at US$1.5 trillion, with abundant opportunities in countries such as Japan (valued at US$838.7 billion), Canada (US$233 billion) and Australia (US$227.6 billion).

"The agreement allows Malaysian manufacturers to source raw materials from all CPTPP countries for purposes of fulfilling the ROO requirements and, consequently, qualifying for reduction and elimination of import duties," it said.


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Article Details

Category: InvestingFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-05 @ 12:16:25 (3 months ago)

News Timezone: GMT +8:00

Ranking: #1559 (out of 3189 stories this day)

News Source URL: theedgemarkets.com

Language: English

Article Length: 773 words

Reading Time: 5 minutes read

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Edge Markets

News ID: 744799

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About The Edge Markets

The Edge Markets Logo

Main Topics: InvestingFinance

Official Website: theedgemarkets.com

Update Frequency: 12 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 10 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #17

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  • URL: https://beamstart.com/news/malaysia-ratifies-the-cptpp-16649926161745

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