Malaysia wants more market access for exports under TPPA

Malaysia wants more international market access for its exports under the Trans-Pacific Partnership Agreement (TPPA) initiated by the United States, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

"We are a nation which is dependent on trade, we want to sell our products overseas and lure more investments to the country," he said at a discourse on "International Trade Agreements: What Malaysia Stands To Gain".

He said it was important for Malaysia to be part of the TPPA to reduce bureaucracy and increase delivery system which would indirectly reduce the incidence of corruption.

Mustapa also said joining the TPPA would not necessarily increase foreign investments in the country but it would help make Malaysia a favourite investment destination among foreign investors.

With the TPPA in place, it would also protect the interest of government-linked conglomerates like Petronas and Sime Darby Bhd which have invested heavily overseas, he added.