FOR IMMEDIATE RELEASE

6 October 2015

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Press Release: Trans-Pacific Partnership concluded, now needs public scrutiny

6 October 2015, Kuala Lumpur – The five-year negotiation of Trans-Pacific Partnership Agreement has finally concluded in Atlanta yesterday, 5 October 2015. Minister YB ​Dato’ Sri Mustapa ​Mohamed has released statement saying that Malaysia’s concerns in the areas of government procurement, state-owned enterprises and the Bumiputera issues are considered by all parties and Malaysia’s accession to the agreement will be decided collectively.

Commenting on the development, Wan Saiful, IDEAS CEO, said: “I congratulate YB Dato’ Sri Mustapa Mohamed, Datuk J. Jayasiri, and the team of negotiators for concluding the TPPA negotiation. It is a historic achievement given the size of the economy involved in the agreement and the trade measures that will be implemented.”

“I look forward to the full text being made available for ​p​ublic scrutiny. This is an important part of the process and the public must now be fully involved. There has been a lot of accusations about the TPPA and we now must ascertain if there are truly any cause for concerns. The government has also promised to table the text to parliament. I urge the government to do this in the next parliamentary sitting. The government should also table to parliament all the studies they have commissioned so that our parliamentarians can make informed decisions.”

“Most importantly, Prime Minister Dato’ Sri Najib Razak needs to show leadership in this issue. He must decide what is best for the country in the long run, not what is politically popular in the immediate term. And then he must lead the campaign to do the right thing.”

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About IDEAS

IDEAS is Malaysia’s first think-tank dedicated to promoting market-based solutions to public policy challenges. We are an independent not-for-profit organisation. As a cross-partisan think tank, we work across the political spectrum. Our purpose is to advance market-based principles, and we are not bound by party politics, race or religion.

Our mission is to improve the level of understanding and acceptance of public policies based on the principles of rule of law, limited government, free markets and free individuals. For more information, please visit http://ideas.org.my/

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Media enquiries:

IDEAS (+60-3) 6201 8896/ 8897

Wan Saiful Wan Jan, wansaiful@ideas.org.my, +6012 601 6334

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