Saturday, 10/03/2018 16:10 (GMT+7)
Malaysia is set to be the biggest winner from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CP TPP), said Moody’s.
Representatives of members of trade deal pose together after the signing agreement ceremony in Santiago, Chile on March 8th (Photo: Reuters)
Moody’s quoted the Peterson Institute for International Economics (PIIE) as saying that it is because real income effects of CP TPP would be the highest for the country.
The deal will provide Malaysia with export access to new markets including Canada, Peru and Mexico, benefiting palm oil, rubber and electronics exporters, Moody’s added.
For other members, it said the trade pact will boost exports and incomes and help to sustain reform efforts in a number of countries.
However, the gains from CP TPP will be smaller without US participation, it said. Moody’s cited PIIE statistics which said CP TPP will generate real income gains of USD157 billion for member countries, compared to USD465 billion from the original TPP./.
CPV/VNA