Beruflich Dokumente
Kultur Dokumente
Background
On October 4, 2015, Ministers of the 12 Trans-Pacific Partnership (TPP) countries Australia,
Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore,
United States, and Vietnam announced conclusion of their negotiations. The TPPA has 29
chapters which include goods market access, textiles, apparel, intellectual property rights,
government procurement, dispute settlement and exceptions, to name a few.
What it provides
1)
2)
3)
4)
5)
6)
7)
Economic growth;
Support the creation and retention of jobs;
Enhance innovation, productivity and competitiveness;
Raise living standards;
Reduce poverty;
Promote transparency, good governance;
Enhanced labor and environmental protections.
Mitigating strategy
Malaysia has carved it out from the scope of
commitments.
Malaysia negotiated a longer transitional period for
liberalisation; the threshold will be reduced over a
21-year transitional period before settling at (Special
Drawing Rights) SDR 14 million (From SDR 63 million
upon entry into force for 5 years).
Others
Areas of interests to the Bumiputra business community and SMEs have been
excluded from Malaysias offers.
Mitigating strategy
Malaysia is seeking flexibilities in the agreement that
will allow the continued participation of SOEs and
GLCs in our economy and provide public and social
goods and services.
Mitigating strategy
Malaysia together with
other parties are seeking to
have a dispute resolution
mechanism that is more
consultative in nature and
also not sanctioned based.
Impact to SMEs
Issues
Increased competition
from large international
corporations
Solutions
1) Longer transition periods for liberalization.
2) Carve-outs in terms of GP, whereby a number of projects
at certain thresholds are only available to Malaysian
SMEs.
3) The Government has forwarded a position to enable
SMEs to be integrated in the regional supply and value
chains.
4) The Government ensures large corporations do not
abuse their positions and adopt monopolistic behavior
which could impact SMEs
1)
TPPA aims
to develop
uniform rules to ensure
Definition
of Special
Drawing
predictability.
Rights
(SDR):
The SDR is an international reserve
asset, created by the IMF in 1969
to
supplement
its
member
countries official reserves. As of
March 2016, 204.1 billion SDRs
(equivalent to about $285 billion)
had been created and allocated to
members. SDRs can be exchanged
for freely usable currencies. The
value of the SDR is currently based
on a basket of four major
currencies: the U.S. dollar, euro,
the Japanese yen, and pound