What is the TPPA?
TPPA stands for the Trans-Pacific Partnership Agreement, an agreement led by the United States and in 11 other countries, including Malaysia.
Countries Involved?
Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the United States. It should be stressed, China is not included in this agreement.
What is the purpose TPPA?
TPPA allows each member state is free to trade in the markets of other member countries. This means that the TPPA will minimize trade barriers and creating a common standard to the 12 countries involved.
What is wrong with the the TPPA?
What raises questions about the the TPPA is all done in secret talks and discussions text is secret until after the four-year agreement was signed.
Resistance to the TPPA?
Apart from Malaysia, the TPPA also great opposition from the people of the countries involved, including the United States though. On the internet are many sites that were established to tell the the TPPA disadvantages. Just look at the pictures rally to protest the the TPPA on Google images.
What advantages of TPPA?
TPPA allows products / services from Malaysia to penetrate the market more easily member countries. With simple language, dealers business scope will be broader.
According to the Minister of International Trade & Industry, Mustapha Mohamed, the results of consultations with all concerned, the import duty on almost all products will be eliminated under the TPPA.
"Basically, it will provide opportunities for greater market access for Malaysian companies, particularly in markets like the United States, Canada, Mexico and Peru, which Malaysia has no FTA.
"Malaysian exporters will gain a competitive edge over regional competitors in the export of electrical and electronics sector, chemical products, palm oil, rubber, wood products, textiles, and automotive parts and components.
"All this is a major export for Malaysia and generate large amounts of revenue for the national economy and take thousands of Malaysians as workers," he said, citing reports The Star Online.
He also stressed the sensitivity of the issue in Malaysia is also taken into account in the agreement include indigenous issues.
What disadvantages TPPA
Of course if the market is expanding, competition also becomes higher. In addition, each state has their own issues. So, by implementing the same standard to all countries will probably cause other issues that arise. However, the disadvantages have yet to discovery as it has yet to be implemented. However, for the curious gaze 'skeptical' that exists on the TPPA can to link this site New Zealand: http://itsourfuture.org.nz/
TPPA effect on Socio-Economic Malaysia
I have attached some thoughtful insights based on local resource Prof Dr Agus Yusoff TPPA concern about the impact of Malaysian society.
1. Large companies will be free to do business in our country led to small entrepreneurs have to compete with foreign giants. It's like giving power to the developed countries that have high monetary values and the strength of the business infrastructure more 'advance' to dominate the market and the economy,
2. Expected to almost 80% in prices of medicines will hit the 1000% from current prices. This is due to cheaper generic drugs can not be sold because Malaysia is bound to use the drugs 'patent' produced overseas pharmaceutical companies. It gives a great impact on low-income earners to support high medical costs.
3. The terms of investment and legal services as well as various professional services are forced to compete with the open market. Our service industry is certainly also affected by competitive giant corporations dominate the local market.
4. Local farmers have to compete with foreign agricultural products. TPPA would also have an adverse impact on the country's rice industry when high bersubsidari rice from the United States are marketed in Malaysia. Family farmers in the country would be affected if the TPPA dimaterai.
In conclusion, many advantage and disadvantage of this issues. So, you will get new knowledge about TPPA when you read this blog. Hope you enjoy it. Thank you.
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