Final text, cost-benefit analysis dispel fear on TPP - Najib

The final text of the Trans-Pacific Partnership (TPP) coupled with the government’s cost-benefit analysis that will be tabled to the Cabinet next week will help dispel fear on the trade pact, Prime Minister Datuk Seri Najib Razak said.

"I think there is a lot of disinformation that has been spread around. The introduction and dissemination of the final text will help allay or correct the disinformation and secondly, the cost-benefit analysis that will be presented to the cabinet next week will certainly help," he said.

Najib, who is also finance minister, said it is not new for people to oppose trade pacts.

"It has happened before to our FTA (Free-Trade Agreement) deal with Japan, but after (the pact was signed) our trade with Japan has increased. Same goes to FTA with Turkey, bilateral trade has jumped by 40 per cent as a result.

"So, you can see without exception, all bilateral and multilateral (trade agreements) have resulted in significant increase in total trade," he told reporters on the sidelines of the 23rd Asia-Pacific Economic Corporation (APEC) Leaders’ Summit here, Wednesday.