This agreement allows the country to to trade in a member
state in the open market. In other words, it is a free trade agreement between
the United States and 11 trading partners and we will
see more nations working towards trade liberalization that will ultimately
benefit the participating nations.
Najib with (from left),
Prime Minister of Japan, Shinzo Abe; US President Barack Obama; Mexican
President Enrique Pena Nieto and the Prime Minister of New Zealand, John Key
posing in conference TPPA leaders in Asia -Pacific Economic Cooperation Summit
(APEC) in Manila, Philippines.
The results of discussions and negotiations have concluded, the
Trans-Pacific Partnership Agreement (TPPA) expected to be signed in early
February in New Zealand. Prime Minister Datuk Seri Najib Razak, said the matter
was informed by the Prime Minister of New Zealand, John Phillip Key in
bilateral meetings among them.
Najib and John Key during a
bilateral meeting in conjunction with the APEC Summit in Manila
This TTPA agreement has advantages to our country, which are:
- Facilitate
national markets access into overseas markets
- Being
able to improve the economy and people's income
- The
import duty on almost all products will be eliminated under the TPPA
- Improving
employment opportunities in countries participating in the agreement
TTPA,
but at the same time TTPA also has disadvantages,
- Large
Companies Monopoly: Large companies will be free to do business in our
country causing small entrepreneurs have to compete with the big foreign
companies.
- Local
Labor Abuses: Our local farmers had to compete with foreign agricultural
products. More troubling is the TPPA would have an adverse impact on the
country's rice industry when rice from the US, which receive high
subsidies marketed in the country.
- Pornographic
film Can not Be Prevented: No more the Film Censorship as a trade barrier
because it is tax-free.
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