Malaysia to study CPTPP’s effects on wealth distribution - Nation - News Summed Up

Malaysia to study CPTPP’s effects on wealth distribution - Nation


TUN Dr Mahathir Mohamad has indicated it is possible for Malaysia to ratify the Comprehensive and Progressive Trans-Pacific Partner­ship (CPTPP) before year-end when the free trade agreement comes into force. However, the Prime Minister insisted that a study be conducted on its effects on wealth distribution among the races in the country. “Malaysia is different from other countries; we are a multiracial country and the distribution of wealth between the races is not fair; some are rich and some are poor. Japan took the lead in reviving what was originally known as the Trans-Pacific Partnership agreement that collapsed when the United States withdrew last year. The 11 countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam – concluded their negotiations and renamed it CPTPP.


Source: The Star November 07, 2018 23:26 UTC



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