This article is 2 years old
Cabinet ratifies trans-Pacific trade pact
The cabinet has agreed to ratify the Comprehensive And Progressive Agreement For Trans-Pacific Partnership (CPTPP), the International Trade and Industry Ministry said in a statement today.
"The CPTPP places Malaysia in a strategic position, elevating our competitiveness in the global arena," the ministry said.
CPTPP is a free trade agreement that links Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
The pact removes 95 percent of tariffs between its 11 members.
- Reuters
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